Which of the Following Statements Is True of Strategic Planning

question 70

Multiple Choice

Which of the following statements is true of strategic planning?

• A)​It is an intermittent process.
• B)It should focus on short-run profitability and growth rather than long-run profits.
• C)It is done independently by company shareholders.
• D)​It should be based on creativity.

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Definitions:

Distribution

The way in which something is shared out among a group or spread over an area.

Consumption

The process by which goods and services are utilized by individuals or groups to satisfy personal or collective needs or desires.

Production

The process of creating, manufacturing, or producing goods, services, or information, often involving a combination of labor, materials, and capital.

Legal entity

An organization or structure that is recognized by the law as capable of rights and duties.