Figure TB-7

question 73

Essay

Figure TB-7.1 depicts the objective setting process shown in Chapter 7 but with all labels removed.
Required:
Complete Figure TB-7.1 by inserting the following labels where they belong in the model:
Box Title
Box Description
A.
Related objectives
E.
e.g. ,expand production of our top-five selling retail products to meet increased demand
e.g. ,to be in the top quartile of product sales for retailers of our products
B.
Strategy
F.
e.g. ,to be the leading producer of household products in the regions in which we operate
C.
Mission,vision,purpose
G.

increase production of x by 15%

hire 180 qualified new staff

maintain product quality
D.
Strategic objectives
H.

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Definitions:

Poor And Middle-Class

Terms that classify individuals or households based on their economic status, income levels, and ability to access resources.

Harmful Indirect

Referring to unintentional negative effects on the environment or health that are not a direct result of an action but occur as secondary consequences.

Goods

Items or products that are manufactured or produced for sale and consumption by consumers.

Costs

The value of resources used for producing goods or services, or the expenditure incurred in achieving a particular purpose.