Coherence Is an Alignment of the Strategy with the Industry

question 92

True/False

Coherence is an alignment of the strategy with the industry environment and the vision of how the firm will be positioned in that environment in the future.

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Definitions:

Factor of Production

Resources used in the creation of goods and services, traditionally categorized into land, labor, and capital.

Input

A good or service used to produce another good or service.

Factor Distribution

The way in which income and wealth are shared among different factors of production, such as labor and capital.

Income

The amount of money or its equivalent received during a period of time in exchange for labor or services, from the sale of goods or property, or as a profit from financial investments.