All of the Following Are Major Steps in the Strategic

question 205

Multiple Choice

All of the following are major steps in the strategic planning process EXCEPT:

• A) To develop the general outline
• B) Develop one or more general statements that address what the entity aims to achieve.
• C) Communicate the plan to affected staff. Consider sharing early drafts of the plan with staff to obtain their input and to ensure their support of the plan.
• D) Develop specific plans, a method for achieving those plans, and resource allocations. the plans should contain measurable objectives and implementation or achievement time frames.

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Definitions:

Short Run

In economics, a period during which at least one of a firm's inputs is fixed and cannot be changed.

Fixed Input

An input in the production process that cannot be changed in the short term, such as buildings or land.

Long-Run Adjustment

A process in which firms adjust their inputs and outputs to achieve the optimal level of production and efficiency over an extended period.

Farmer

An individual engaged in the activity of agriculture, aiming to produce crops and raise livestock for consumption or sale.