The Final Part of the Strategy Formulation Process Is

question 51

Multiple Choice

The final part of the strategy formulation process is

• A) formulation of business-level strategies.
• B) formulation of functional-level strategies.
• C) formulation of corporate-level strategies.
• D) development of functional-level goals.
• E) development of business-level goals.

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Definitions:

Investment Centers

Division within a company that is treated as a separate unit for measuring its financial performance, often responsible for its revenues, expenses, and investments.

Profit Centers

Segments or departments within a company that are responsible for generating revenue and are evaluated on their profitability.

Net Income

The remaining income of a firm after deducting every expense and tax from the gross revenue.

Divisional Income

The income generated by a specific division or segment of a larger company, useful for assessing the division's financial performance.