Author Question: The steps in effective financial planning are A) establishing organizational goals and objectives, ... (Read 93 times)

stevenposner · **on:** Jul 14, 2018

The steps in effective financial planning are
A) establishing organizational goals and objectives, identifying expenses, and budgeting.
B) establishing organizational goals and objectives, budgeting for financial needs, and identifying sources of financing.
C) developing a plan of action, monitoring the plan, and evaluating.
D) identifying sources of financing, budgeting, and evaluating.
E) None of these answers are correct.

Question 2

What does it mean for a firm to have a strong production orientation? How does this differ from the marketing concept?

amynguyen1221 · **Reply #1 on:** Jul 14, 2018

Answer to Question 1

B

Answer to Question 2

A strong production orientation refers to a business with emphasis on increased output and production efficiency. It differs from the marketing concept in that a production orientation does not focus on marketing. The opposite is actually true, in that marketing is limited to taking orders and distributing finished goods.