Which of the Following Is the First Step That an Organization

question 9

Multiple Choice

 Which of the following is the first step that an organization must take in the strategic planning process?

• A) Setting organizational objectives
• B) Creating organizational strategies
• C) Creating a mission statement
• D) Creating an organizational portfolio plan

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Definitions:

Product Extension Merger

A strategic action where companies merge to add new product lines or services, enhancing their market reach or diversity.

Conglomerate Merger

A conglomerate merger is the combination of two or more companies operating in entirely different industries into a single corporate structure.

Antitrust Laws

Legislation designed to promote fair competition for the benefit of consumers by regulating anti-competitive practices.

Justice Dept.

A federal executive department of the U.S. government responsible for the enforcement of the law and administration of justice.