Which of the Following Is NOT Part of the Strategic

question 87

Multiple Choice

Which of the following is NOT part of the strategic planning process?

• A)Who are our customers?
• B)What business are we in?
• C)Which machinery should we purchase?
• D)What is our competitive advantage?

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Definitions:

Shutdown Point

The level of production and price at which a business's total revenue is equal to its total variable costs, making it indifferent between ceasing operations and continuing to produce.

Break-even

The point at which revenue received equals the costs associated with receiving the revenue, resulting in neither a profit nor a loss.

Profitable Output

The level of production at which a business or economic activity generates the highest amount of profit, balancing costs and revenues efficiently.

Market Price

The current price at which a good or service can be bought or sold in a marketplace, determined by the forces of supply and demand.