Which of the Following Are Characteristics of an Effectively Worded

question 38

Multiple Choice

Which of the following are characteristics of an effectively worded strategic vision statement?

• A)Graphic,directional,and focused
• B)Challenging,competitive,and set in concrete
• C)Balanced,responsible,and rational
• D)Realistic,customer-focused,and market-driven
• E)Achievable,profitable,and ethical

---

Definitions:

Price Ceiling

A legal maximum price that can be charged for a good or service, set by government regulation.

Rationing Process

A system of allocating goods and services when demand exceeds supply, often through mechanisms other than price.

Market Price

The price at which a good or service is bought and sold in a marketplace, determined by the supply and demand dynamics of that market.

Minimum Wage

The lowest legally enforced wage that employers can pay their employees, intended to ensure a minimum standard of living for workers.