Explain Briefly the Three Levels and Three Steps in the Planning

question 84

Essay

Explain briefly the three levels and three steps in the planning and strategy-making process. Also mention how they are linked with each other.

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Definitions:

Time-Value

The concept that money available at the present time is worth more than the same amount in the future due to its potential earning capacity.

Money

Any item that is generally acceptable to sellers in exchange for goods and services.

Present Value

A calculation of today's value of money to be received in the future or ongoing cash flows, based on a given rate of return.