What are the key questions that a strategic plan attempts to answer? How does it relate to financial plans?
What will be an ideal response?
Answer: The strategic plan asks such fundamental questions as: "Who are we and what do we do?" "Who are our customers?" "Who are our competitors and how do we compete?" The strategic plan provides the broader context for short and long-term financial plans.
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Answer the following statements true (T) or false (F)
1. In a closed system, an organization's outputs are recycled to become inputs. 2. Netflix's business suffered when it failed to use an open system in its decision to introduce a large price increase while simultaneously splitting its DVD mail service from its streaming one. 3. One reason for the success of the Tommy Hilfiger clothing brand in the 1990s was maintaining a closed system with respect to young consumers' feedback by conducting research in music clubs. 4. Continuous learning in an organization is more likely to occur in an open system than in a closed one.
Permanent funds can be either a governmental fund or a fiduciary fund where only income on donated assets may be spent.
Answer the following statement true (T) or false (F)
You are given the following information on a company. Which one of the following statements is correct based on the information provided?
A) The market price is $21.34 per share. B) The investment value is $2.67 per share. C) The par value is $2.67 per share. D) The book value is $21.34 per share.
The number of prospects or leads you need to approach in order to make one sale if your ________.
A. proximity B. organic traffic C. conversion rate D. customer vector