All of the Following Are Steps Involved in the Strategic

question 79

Multiple Choice

All of the following are steps involved in the strategic management process EXCEPT ________.

• A)evaluating the firm's internal and external situation
• B)defining the business and developing a mission
• C)crafting a course of action
• D)offshoring low-skill jobs

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Definitions:

Treble Damages

A legal remedy that allows for triple the amount of actual damages to be awarded to a plaintiff in certain cases, often involving willful violations of the law.

Antitrust Suit

Legal actions taken against individuals or organizations to prevent unfair competition, monopoly practices, and to promote market fairness and consumer welfare.

Sherman Act

A United States antitrust law passed in 1890 that outlaws monopolistic business practices.

Conspiracy

Conspiracy is an agreement between two or more persons to commit an illegal act or to accomplish a legal end through illegal means.