The Tactical Level of IT Planning Is Focused on the External

question 17

True/False

The tactical level of IT planning is focused on the external environment and making decisions about the allocation of resources for competitive advantage.

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Definitions:

Trade Deficit

A situation in which a country's imports exceed its exports during a given time period.

Economic Performance

An assessment of an economy's health and efficiency, measured by indicators such as GDP, unemployment rates, and inflation.

Recessions

Phases of brief economic downturns marked by diminished trade and industrial operations, typically characterized by a decrease in Gross Domestic Product (GDP) for two consecutive quarters.

Stock Market Crashed

A sudden and significant decline in the stock market's value, leading to widespread financial loss and often triggering economic uncertainty.