One Benefit of Short-Term Objectives and Action Plans Is That

question 15

Multiple Choice

One benefit of short-term objectives and action plans is that they provide a __________.They can provide clear,measurable mechanisms for developing budgets,schedules and trigger points,which help control the implementation of strategy.

• A) Basis for strategy evaluation
• B) Basis for motivation
• C) Basis for strategy implementation
• D) Basis for strategic control

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Definitions:

Marketing Mix

A set of actions, or tactics, that a company uses to promote its brand or product in the market. It typically includes the 'Four Ps': product, price, place, and promotion.

Customer Needs

The essential requirements and desires of buyers that motivate them to make purchasing decisions.

Actual Price

The final price at which a product or service is sold, after including discounts, promotions, and additional charges or fees.

Energy

The capacity to do work, existing in various forms such as kinetic, potential, thermal, electrical, chemical, and nuclear energy.