Planning Is Not Necessary to Carry Out Organizational Goals as Long

question 4

True/False

Planning is not necessary to carry out organizational goals as long as strong controls are in place.

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Definitions:

Political Factors

Elements related to government actions, policies, and political stability that can impact business operations and market environments.

Standardization

The process of implementing and developing technical standards to ensure consistency and compatibility in products, services, or processes within an industry.

Global Strategy

A comprehensive plan developed by a business to operate internationally, focusing on factors like market entry, product adaptation, and global competition.

Trade Regulations

Laws, rules, and standards that govern how trade is conducted internationally and domestically.