What is strategy? What is strategic planning?
What will be an ideal response?
Strategy is the basic means by which a company competes. It includes the choice of business or businesses in which to operate and the ways to differentiate itself from competitors. Strategic planning is the process by which a firm's managers evaluate the future prospects of the firm and decide on appropriate strategies to achieve long-term objectives.
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The one primary difference between variable and absorption costing is that under
a. variable costing, companies charge the fixed manufacturing overhead as an expense in the current period. b. absorption costing, companies charge the fixed manufacturing overhead as an expense in the current period. c. variable costing, companies charge the variable manufacturing overhead as an expense in the current period. d. absorption costing, companies charge the variable manufacturing overhead as an expense in the current period.
A company's Cash account shows an ending balance of $4,600
Reconciling items included a bookkeeper error of $105 (a $525 check recorded as $630 ), two outstanding checks totaling $830, a service charge of $20, a deposit in transit of $260, and interest revenue of $33. What is the adjusted book balance? A) $4,482 B) $4,030 C) $4,718 D) $5,170