In the Context of Organizational Direction, the Term Business Refers

question 342

Multiple Choice

In the context of organizational direction, the term business refers to

• A) the daily operational decisions that must be implemented for an organization to remain viable.
• B) exchange transactions between seller and buyer in order for the seller to make sales and earn profits.
• C) the clear, broad, underlying industry or market sector of an organization's offering.
• D) an organization that develops an offering.
• E) the objectives of a firm and the strategies and tactics that will allow it to achieve them.

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Definitions:

Company Policy

Guidelines and rules established by a business to dictate employee behavior and company operations.

Three-Step Strategy

A methodological approach that divides a process or plan into three sequential stages to achieve a specific goal.

Requesting Information

The act of formally or informally seeking specific data or details from a source or individual.

Resale Message

A message or advertisement promoting the sale of second-hand goods or previously owned items.