A set of actions that a firm takes to achieve a goal is the definition of a
A) business prospectus. B) business strategy.
C) business goal. D) business plan.
B
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"Supply creates its own demand" implies that
A) the very act of supplying a particular level of goods and services will not necessarily equal the level of goods and services demanded. B) the very act of demanding a particular level of goods and services necessarily equals the level of goods and services supplied. C) the very act of supplying a particular level of goods and services necessarily equals the level of goods and services demanded. D) the government will buy up any surplus of goods and services in a country to avoid economic problems.
The policy mix that the Clinton administration sought in early 1993 was a
a. smaller budget deficit and tighter monetary policy. b. smaller budget deficit and looser monetary policy. c. larger budget deficit and looser monetary policy. d. larger budget deficit and tighter monetary policy.