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

question 32

Multiple Choice

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

• A)Strategic planning deals with maintaining the company's current business ventures.
• B)Strategic planning focuses on the firm's internal environment rather than the external environment.
• C)Strategic planning occurs at the business-unit, product, and market levels rather than a company-wide level.
• D)Strategic planning deals with adapting the firm to take advantage of opportunities in its changing environment.
• E)Strategic planning involves the formulation of supporting objectives for business units based on the company's mission statement.

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Definitions:

Personal Information

Data or details that pertain to an individual's private life, characteristics, or activities.

Language Differences

refer to the variations in vocabulary, grammar, pronunciation, and syntax between languages, which can pose communication barriers in a global context.

Multinational Company

A corporation that operates in multiple countries beyond its original or home country.

Non-verbal Communication

The transmission of messages or signals through a non-linguistic means, such as gestures, facial expressions, and body language.