Which of the Following Is an Incorrect Statement Regarding Strategic

question 63

Multiple Choice

Which of the following is an incorrect statement regarding strategic planning?

• A) A short-term commitment of resources is required by strategic planning.
• B) The strategic planning process is started by assessing the external environment.
• C) Effective strategic planning can aid a retailer in contending with competitors.
• D) Strategic planning takes into consideration how a retailer responds to the environment.
• E) Ineffective strategic planning can lead to a decrease in a retailer's level of profitability.

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Definitions:

Collude

To collaborate secretly and illegally with others with the aim of deceiving or obtaining an unfair benefit.

Controlling

The process of measuring performance and taking action to ensure desired results.

Organizing

The process of defining and assigning tasks, allocating resources, and providing resource support.

Effective Communication

Communication in which the intended meaning is fully understood by the receiver.