Which of the Following Is True of Strategic Planning in a Firm

question 64

Multiple Choice

Which of the following is true of strategic planning in a firm?

• A) It deals with maintaining the company's current business ventures.
• B) It focuses on the firm's internal environment rather than the external environment.
• C) It occurs at the business-unit, product, and market levels rather than at the corporate level.
• D) It deals with adapting the firm to take advantage of changing marketing opportunities.
• E) It involves preparing short-term investment objectives at the product level.

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Definitions:

Architectural Firm

An architectural firm is a business specializing in providing services related to the design, planning, and oversight of construction projects.

Error

A mistake or inaccuracy in something that is not correct.

Drain

To remove liquid from an area or object, often used in contexts of plumbing or natural water movement.

Expert Witness

A specialist with specific knowledge, experience, or skills in a particular field, recruited to provide testimony or opinion in legal proceedings.