Strategic Planning

question 55

Multiple Choice

Strategic planning:

• A) is a coordinated set of actions that fulfills the firm's objectives, purposes, and goals.
• B) helps define the type of organization the firm intends to be, and the nature of the contribution it makes to its constituents.
• C) is an effort by which an organization defines the nature of the products and/or services it provides.
• D) is the process by which a firm decides its direction over the next several years.

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Definitions:

Direct Approach

A method of communication that involves straightforwardly presenting a message or request without circumvention.

Financial Analyst

A professional responsible for assessing financial data and trends to provide insights and recommendations for businesses or investments.

Job Applicant

A job applicant is an individual who expresses interest in and applies for a vacant position within a company or organization.

Customer Care Center

A department within a company that handles inquiries, supports customers with their needs, and resolves any problems or complaints.