A Strategic Plan Serves as a Blueprint to Help a Company

question 72

Multiple Choice

A strategic plan serves as a blueprint to help a company to ________.

• A)match their company's strengths and weaknesses to the environment's opportunities and threats
• B)accomplish its mission, goals, and objectives
• C)identify a company's competitive advantage and set it apart from its competition with a unique position in the market
• D)All of the above

---

Definitions:

Nonprofit Organization

An organization that operates for educational, charitable, social, religious, or other activities serving the public interest or common good, without the goal of making profits for owners or shareholders.

Break-Even Level

The point at which total revenues equal total expenses, resulting in neither profit nor loss.

Variable Cost

Costs that vary directly with the level of production or sales volume, such as raw materials and packaging.

CVP Income Statement

An income statement format used in cost-volume-profit analysis, showing sales, variable costs, and the contribution margin.