While It Is Unlikely That Strategy Development Will Ever Become

question 18

Multiple Choice

While it is unlikely that strategy development will ever become a completely formalized process, in most organizations, there is a clear need to add more:

• A) structure.
• B) budgeting.
• C) prioritization.
• D) planning.

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Definitions:

Average Variable Costs

The total variable costs (costs that change with the level of output) divided by the quantity of output produced.

Microwave Ovens

Electrical appliances used for heating and cooking food through the use of microwave radiation.

Total Variable Costs

The sum of all costs that vary with output level in the production of goods or services.

Drones

Unmanned aerial vehicles (UAVs) controlled by remote or onboard computers, used for a variety of purposes, including surveillance, delivery, and filming.