Which of the Following Is True with Regard to Strategic

question 21

Multiple Choice

Which of the following is true with regard to strategic planning?

• A) At the corporate level, the company starts the strategic planning process by determining what portfolio of businesses and products is best for the company.
• B) A strategic plan deals with a company's short-term goals.
• C) The focus of strategic planning is to define a game plan for long-run survival and growth.
• D) The strategic plan is a statement of an organization's purpose.
• E) Strategic planning involves identifying segments of consumers with identical preferences.

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Definitions:

Transnational Corporations

Large companies that operate and have assets in more than one country, making them influential global economic entities.

World Democracy

The concept of promoting democratic governance and principles at a global level, aiming for political freedom and equality across nations.

Promotion

The act of raising someone to a higher rank or position, often accompanied by an increase in pay, or an effort to make something more popular or widely known.

Oppose Globalization

To oppose globalization means to resist the process by which businesses or other organizations develop international influence or start operating on an international scale, often due to concerns such as cultural erosion, environmental damage, or economic inequality.