Bs Flashcards

1
Q

What strategic analysis suggests?

A

it addresses the objectives of the organization; locates potential markets; considers the impact of events, competitors, and the economy, addresses the structure of the organization; and evaluates the risks of alternative strategies

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2
Q

what is linear regression

A

is a statistical approach to modeling the relationship between an independent variable and a number of dependent variables, to create a linear model to determine which independent

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3
Q

what is the differences between strategy formulation & strategic planning

A

strategy formulation results in new strategies, and strategic planning addresses how to implement the strategies.

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4
Q

what are the components of an operating budget.

A

sales budget, direct labor budget, overhead budget, COGS budget, and S&GA budget.

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5
Q

what are the logical order for activities

A

vision & mission, strategic objectives, tactical goals, operational plans

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