Which of the Following Statements Is True of the Strategic

question 8

Multiple Choice

Which of the following statements is true of the strategic formulation process?

• A)The global strategic formulation process is completely independent of the process followed in domestic companies.
• B)The strategic formulation process is part of the strategic management process in which most firms engage, either formally or informally.
• C)Strategic formulation consists of four defined stages that occur in a consecutive order.
• D)Most firms operate on planning cycles of one or two years with periodic strategy reviews.

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Definitions:

E-Mail

A method of exchanging digital messages over the Internet between people using electronic devices.

Fixed Interval

A schedule of reinforcement where the first response is rewarded only after a specified amount of time has elapsed.

Reinforcement

In behavior psychology, a stimulus or event that follows a behavior and increases the likelihood of that behavior occurring again.

Response

A reaction to a specific stimulus or situation, often studied in psychology to understand behavior.