Strategic planninginvolves a set of procedures for making decisions about an organization's long-term goals and strategies.

Answer the following statement true (T) or false (F)


True

Business

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Which of the following journal entries is required to close the Income Summary account of a company with a net loss?

a. Debit Income Summary, credit Capital Stock. b. Debit Income Summary, credit Retained earnings. c. Credit Income Summary, debit Retained earnings. d. Credit Income Summary, debit Dividends.

Business

Which of the following steps in the segmentation process involves determining the demographics, lifestyles, and usage behaviors that make one segment meaningfully different from another?

A) segment strategy "acid test" B) segment positioning C) segment attractiveness D) segment profitability E) segment identification

Business

The early ________ cut expenses by offering few services and operating in warehouse-like facilities in low-rent, heavily traveled districts

A) department stores B) hypermarkets C) discount stores D) supermarkets E) full-service retailers

Business

When communicating with a colleague about the hiring or firing of an employee, you would be well advised to not use a cell phone

Indicate whether the statement is true or false

Business