Answer:
The correct answer is letter "B": choosing among different strategies and altering them to best fit the organization's needs.
Explanation:
Strategy formulation implies setting different plans of how to accomplish corporate goals including all the resources necessary to reach the firm's achievements and selecting one of them as the most suitable for the organization by which profits can be maximized. The strategy formulation process involves:
- <em>Establishing goals
</em>
- <em>Evaluating the company's environment
</em>
- <em>Setting measurable targets
</em>
- <em>Aligning unit and corporate plans
</em>
- <em>Performance analysis
</em>
- <em>Selecting the best strategy</em>
Answer:
see below
Explanation:
Macroeconomics focuses on the performance and behavior of the overall economy or market system. Microeconomics is concerned with how individual households and firms' decisions affect the demand and supply of a specific good.
MACROECONOMICS
Gross domestic product
Economy
MICROECONOMICS
Individuals' income
Household