Strategic management is the act of figuring out how an organization will compete in the marketplace and attract loyal customers
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: Strategic management involves developing an organization's strategies. Those strategies involve making plans for how an organization will do business and achieve its goals.
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The static budget, at the beginning of the month, for Onyx Dàƒ ©cor Company, follows
Static budget: Sales volume: 1,000 units; Sales price: $70.00 per unit Variable costs: $32.00 per unit; Fixed costs: $37,900 per month Operating income: $100 Actual results, at the end of the month, follows: Actual results: Sales volume: 970 units; Sales price: $74.00 per unit Variable costs: $35.00 per unit; Fixed costs: $34,400 per month Operating income: $3,430 Calculate the flexible budget variance for sales revenue. A) $4,470 U B) $4,470 F C) $3,880 U D) $3,880 F
An agent for Zephyr Insurance Company, equipped with business cards, sample Zephyr policies, and an Zephyr rate book, informs a prospect that Zephyr has given him unlimited binding authority. The prospect assumes this is true. Which of the following terms correctly defines the agent's authority in this case?
A) Implied authority B) Binding authority C) Express authority D) Apparent authority"