One of the Functions of the Strategic Planning Process Is

question 52

Multiple Choice

One of the functions of the strategic planning process is to

• A) assess the internal and external environment
• B) set the annual budget
• C) prepare for the annual shareholders' meeting
• D) satisfy the shareholders

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Definitions:

Structural Unemployment

A form of unemployment caused by a mismatch between the skills that workers in the economy can offer and the skills demanded by employers.

Structural Unemployment

Refers to unemployment caused by structural changes in the economy such as technological advances, which create mismatches between the skills workers have and the skills needed for available jobs.

Demand Shifts

Demand shifts occur when the overall demand for a product or service increases or decreases due to changes in consumer preferences, income levels, prices of related goods, and other factors.

Technology Changes

The process of innovation and improvement in technology, affecting productivity, efficiency, and society's overall way of life.