Visions should not be too large or to small and can exist at any organizational level as well as at the very top.

The purpose of the strategic inventory is to help the manager

a. size up the environment accurately. b. determine how much inventory is on hand. c. involve workers at all levels in formulating strategy. d. develop operating plans.

Which one following will lower required rates of return?

A) higher rates of inflation B) higher risk premiums C) lower rates of inflation D) lower dividend yields