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Glossary

Annual business planDelineates an annual agenda consistent with the strategic plan comprising the company’s short-term goals and strategies.

Balance sheetA financial statement that defines the relationship among the levels of assets, liabilities, and investment in the company.

Balanced scorecardA holistic approach to strategy execution reported in a scorecard format with measures that are a mixture of financial and nonfinancial metrics and observations.

Breakeven pointThe point in sales (units or dollars) where total costs are covered. There is no profit or loss at the breakeven point.

Business functionA process or operation that is performed ...

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