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Only one the answer is correct ( Strategic Purchasing Management )

What is corporate Planning?
( ) Affecting the long term performance of the business
( ) Careful systematic making of strategic decisions
( ) Organization's process of defining its strategy
( ) Allocation of finances for retirement

Which of the following factors influence trade?
( ) Government
( ) The relative price of factors of productions
( ) The stage of development of a product
( ) All of the above

Identify the best definition of planning
( ) An integrated process in which plans are formulated, carried out and controlled
( ) Setting an organization's objectives and the means of reaching them
( ) Devising ways of achieving the objectives of an organization
( ) The core activity of planners and planning departments

What is the relationship between marketing strategy and corporate strategy?
( ) Corporate strategy comes after marketing strategy
( ) Corporate strategy and marketing strategy are interdependent
( ) Marketing strategy comes after corporate strategy

One of the main advantages of trade, economists suggest, is:
( ) Technological change
( ) lower tariffs
( ) development of tourism
( ) competition with foreign suppliers

Management Theories, Management Studies

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