10. Two reasons for mergers and acquisitions are a. to increase managerial staff and to minimize economies of scale. b. to reduce tax obligations and increase managerial staff. c. to create seasonal trends in sales and to make better use of a new sales force. d. to provide improved capacity utilization and to gain new technology. 11.Developing a vision and mission, identifying an organization's external opportunities and threats, and determining internal strengths and weaknesses are all activities. a. strategy-formulation b. strategy-implementation c. long-range planning d. short-range planning 12. The means by which long-term objectives will be achieved are a. mission statements b. strategies. c. vision statements. d. long-term goals.