Strategy Implementation Is Generally Less Important Than Strategy Formulation for Business

question 74

True/False

Strategy implementation is generally less important than strategy formulation for business success.

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Definitions:

Output

The aggregate production of merchandise or services by a corporation, sector, or economy.

Profit

The financial gain obtained when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Pigeon Pies

A traditional dish made from pigeons, emblematic of historical culinary practices, but may vary in relevance and popularity across cultures.

Output

The total amount of goods or services produced by a person, machine, factory, country, etc., usually measured over a specific period of time.