Tactical Plans Specify How a Company Will Use Resources, Budgets

question 7

True/False

Tactical plans specify how a company will use resources, budgets, and people to accomplish specific goals within its mission.

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Definitions:

College Education

A postsecondary education program offered by universities and colleges, leading to a degree in a field of study.

Patent

A patent is a form of intellectual property that gives its owner the legal right to exclude others from making, using, or selling an invention for a certain number of years.

Real Assets

Physical or tangible assets that have value due to their substance and properties, such as land, buildings, and machinery.

Commercial Banks

Financial institutions that offer a wide range of banking services to individuals and businesses, including deposit accounts, loans, and other services.