Significant Changes in Resource-Allocation Choices in the Business and Implementation

question 124

Multiple Choice

Significant changes in resource-allocation choices in the business and implementation activities that align the firm's strategy with its vision are referred to as ________.

• A) process changes
• B) vision changes
• C) strategic changes
• D) allocation changes

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Definitions:

Import Substitution

An economic strategy aimed at reducing foreign dependency by local production of industrialized products.

Local Industries

Economic activities or sectors focused on producing goods or services predominantly catered to the domestic or regional market.

Export Promotion

A strategy or policy aimed at encouraging the sale of goods and services to foreign countries to boost the exporting country's economic base.

Manufacture Goods

Products that have been processed or transformed from raw materials into finished goods ready for sale.