In Order to Formulate Strategies That Align with the Mission

question 77

Multiple Choice

In order to formulate strategies that align with the mission some of the activities the organization will need to perform are

• A)Assess internal strengths and weaknesses.
• B)Analyze competitors.
• C)Examine the external environment.
• D)Know their core competencies.
• E)All of these should be considered when formulating strategies.

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Definitions:

Cash Cycle

The duration of time it takes a company to convert its investments in inventory and other resources into cash flows from sales.

Firm's Profitability

Indicates how effectively a company generates profit compared to its expenses and other relevant costs.

Inventory Period

The average time it takes for inventory to be sold and converted into cash or accounts receivable.