What Does a Strategy Map Provide

question 66

Multiple Choice

What does a strategy map provide?

• A)links the cause-and-effect relationships in the proposed strategy,creating a testable strategy.
• B)maps the organization's strategies over time.
• C)documents the performance results of an organization.
• D)strategizes about the organization's competitors.

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Definitions:

Marginal Value

Additional benefit derived from purchasing one more unit of a good.

Consumer Surplus

The gap between the price consumers are ready to pay for a good or service and the price they actually incur.

Marginal Revenue

The surplus revenue acquired from the sale of one more unit of a good or service.

Profit Maximizing Output

The level of production at which a firm achieves the highest possible profit, determined by the point where marginal cost equals marginal revenue.