Which of the Following Options Presents the Right Sequence of Activities

question 44

Multiple Choice

Which of the following options presents the right sequence of activities in developing a strategic plan for services?

• A)First,identify the target market for the firm's services; second,determine the firm's core competency; third,define its mission and its high-level corporate goals and objectives.
• B)First,determine the firm's core competency; second,identify the target market for the firm's services; third,define its mission and its high-level corporate goals and objectives.
• C)First,define its mission and its high-level corporate goals and objectives; second,determine the firm's core competency; third,identify the target market for the firm's services;
• D)First,determine the firm's core competency; second,define its mission and its high-level corporate goals and objectives,third,identify the target market for the firm's service.

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Definitions:

Price Stability

An economic condition in which prices in the economy do not change drastically over time, minimizing inflation and deflation to promote predictable economic planning.

Purchasing Value

The worth of goods or services that can be bought with a specified amount of currency.

Spot Exchange Rates

Refers to the current exchange rate at which currencies can be traded immediately or on the spot.

Overvalued Currency

A currency whose value is higher than its actual demand or economic fundamentals justify.