When a Firm Develops and Maintains a Strategic Fit Between

question 148

Multiple Choice

When a firm develops and maintains a strategic fit between its goals and capabilities,it is performing ________.

• A) mission planning
• B) values planning
• C) strategic planning
• D) business-portfolio planning
• E) operations planning

---

Definitions:

Labor Force

Refers to the total number of people available to work, including both the employed and those seeking employment.

Unique Risks

Specific threats or vulnerabilities that are distinct to an individual, organization, project, or activity.

Competition Among Firms

The rivalry between businesses in the same industry for customers, market share, or resources, driving innovation and efficiency.

Global Business

Involves engaging in commerce at an international level, dealing with various strategies, operations, and transactions across countries beyond domestic boundaries.