The Process by Which a Firm's Managers Evaluate the Future

question 77

Multiple Choice

The process by which a firm's managers evaluate the future prospects of the firm and decide on appropriate strategies to achieve long-term objectives is called ________.

• A) strategic planning
• B) internal resource analysis
• C) environmental scanning
• D) product planning

---

Definitions:

Required to Join

This term seems vague without context and might not be a defined economic or general key term without additional information; thus, clarification is needed.

Thrift Institution

A financial organization that primarily accepts savings deposits and provides mortgage and loan services.

Commercial Bank

A financial institution that provides various services, including accepting deposits, lending money, and offering investment products to individuals and businesses.

Savings and Loan

A type of financial institution that specializes in accepting savings deposits and making mortgage and other loans.