Corporate Strategies and Departmental Plans

A ______ statement is the statement of the organization’s core purpose.

A ______ is the grand plan of any organization wherein the overall objectives are set.

Financial ______ are made to see if the business is feasible, or more importantly, sustainable.

[Blank] objectives are statements which outline the specific goals, in line with the mission, that an organization would like to achieve.

A company that can cover its current obligation is said to be ______.

A ______ statement is a description of what the organization aspires to be in the long term.

The corporate strategies are the ______ programs for specific business units, departments, and or cross-functional areas.

Departmental plans are specific in terms of ______, the people responsible for carrying out those activities, the timelines, the targets, and the budget for activity.

SWOT analysis develops a ______ advantage through the creation of a solid strategic plan.

The financial forecast is for both ______ and expenses.

A ______ is a limitation which affects a firm’s position relative to its competitors.

A financial forecast describes financial outcomes based on what you expect will happen, given current conditions, ______, and intentions.

The competitive position of the firm in the ______ industry determines sales, investments, and expenses.

The ______ Labor Budget is an estimate of labor requirements based on production budget.

SWOT stands for Strengths, Weaknesses, Opportunities, and ______.

Financial projections begin with projected ______, which is reflected in the income statement.

The ______ Statement of Financial Position contains projected financial elements and assumptions.

A ______ is a statement of projected sales, expenses, income, and other financial transactions for the coming period.