Strategic Planning Encompasses All of the Following EXCEPT

question 40

Multiple Choice

Strategic planning encompasses all of the following EXCEPT:

• A) a cash budget.
• B) a description of the firm's core competencies and activities.
• C) a definition of the firm's customers.
• D) a description of the firm's competitors and its own competitive strengths and weaknesses.

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Definitions:

Growth Determinant

A factor that is critical to the expansion of a company or economy, such as technology, capital, and human resources.

Retained Earnings

Profits that a company chooses not to distribute as dividends but instead reinvests into the business or uses to pay off debt, reflecting the accumulated surplus from business operations.

Dividend Payout Ratio

The fraction of net earnings a firm pays to its shareholders as dividends, usually expressed as a percentage.

Profit Margin

A measure of profitability calculated as net income divided by revenue.