Which of the Following Is the First Step in Strategic

question 52

Multiple Choice

Which of the following is the first step in strategic planning?

• A) define business objectives
• B) develop the business portfolio
• C) establish the business mission
• D) craft a marketing strategy
• E) identify threats and weaknesses

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Definitions:

Educational Level

A measure of the highest degree or level of school completed or the highest degree obtained by an individual.

Consumer Tastes

The preferences and desires of consumers that influence their purchasing behavior and are affected by factors such as culture, trends, and personal experiences.

New York Stock Exchange

A leading global securities exchange where stocks, bonds, and other financial instruments are bought and sold.

Consumer Taste

Preferences and desires of consumers regarding products and services, influencing their purchasing behavior and choices.