Discussion
A bank has set an advances target of Rs 10,000 crore and deposits target of Rs 22,000 crore by March 2010. This comes under which of the following?
Answer: C
Correct answer: Goal Formulation
Setting specific, measurable targets to be reached by a stated date is goal formulation - the step that turns a general intention into something that can be planned for and measured against. Strategy is how the goals will be reached, and implementation is the doing of it.
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