____ Involves Choosing Among Alternative Strategies with the Goal of Selecting

question 22

Multiple Choice

____ involves choosing among alternative strategies with the goal of selecting a strategy, or strategies, that provides a company with reasonable assurance of long-term growth and survival.

• A)Strategic decision making
• B)Strategic cost management
• C)Competitive advantage
• D)Customer value

---

Definitions:

Establish Objectives

The act of identifying and setting specific goals or targets that an organization or individual aims to achieve.

Standards Of Performance

Benchmarks or metrics used to measure and evaluate the effectiveness, quality, or efficiency of an individual's or organization's output.

Measuring Actual Performance

Measuring actual performance involves the process of gathering, analyzing, and interpreting data regarding an individual's or organization's achievements and progress towards goals.

Key Results

Key results are specific, measurable outcomes used to track the achievement of an objective.