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According to the comprehensive strategic-management model, which step immediately follows the establishment of long-term objectives?
Lead Investment Bank
A financial institution that coordinates the initial public offering (IPO) process, including underwriting, setting share prices, and marketing the shares.
Open Market
A marketplace that is accessible to both buyers and sellers where securities, commodities, and goods are traded freely.
Quiet Period
A mandated time frame where promotional or public communications by a company are restricted by regulatory authorities before an IPO.
SEC
The U.S. Securities and Exchange Commission, a federal agency responsible for enforcing federal securities laws and regulating the securities industry.
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