The Strategy Formulation Phase of the Strategic Management Process Begins

question 27

Multiple Choice

The strategy formulation phase of the strategic management process begins with _____.

• A) analyzing the organizational factors
• B) choosing a functional strategy
• C) choosing a corporate strategy
• D) developing the short-range objectives
• E) identifying the mission

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Definitions:

Industrial Regulation

The government rules and regulations designed to control the behavior of firms within an industry to protect public interest.

Interstate Commerce Act

A United States federal law designed to regulate the railroad industry and its monopolistic practices by enforcing fair rates and supervising railroads' activities.

Federal Government

The national government of a federal country that shares sovereignty with its states or provinces, responsible for national defense, foreign policy, and interstate regulations.