Which of the Following Is Typically the First Step in the Strategic

question 34

Multiple Choice

Which of the following is typically the first step in the strategic planning process for organizations?

• A) Organizational mission
• B) SWOT analysis
• C) Formulating organizational strategy
• D) Establishing goals and objectives

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Definitions:

Forecasted Sales

An estimate of the amount of revenue that a company expects to generate from the sale of goods or services in a future period.