Which of the Following Is the First Step of a Strategy-Making

question 89

Multiple Choice

Which of the following is the first step of a strategy-making process?

• A) Conducting situational analysis
• B) Assessing the need for strategic change
• C) Choosing strategic alternatives
• D) Evaluating strategic alternatives

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Definitions:

Construct

In a financial or accounting context, "construct" could refer to the process of building or developing financial models, budgets, or forecasts.

Warehouse

A large building where goods are stored before they are distributed to stores or consumers.

Journalize

The act of documenting transactions within a corporation's journal, which is a step in the accounting cycle.

Mortgage Issued

The lending of funds by a financial institution to an individual or organization for the purchase of real estate, secured by the property itself.