In Determining the Various Strategic Issues That a Company Needs

question 59

True/False

In determining the various strategic issues that a company needs to address, managers need to consider BOTH the results of its analysis of the company's external environment and the results of its evaluation of the company's resources and competitive position. True or false? Explain and defend your answer.

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Definitions:

Less Populated

A term describing areas or regions with a low density of inhabitants compared to others.

Capital Formation

The process of building up a stock of physical and financial assets in an economy, typically through savings and investments.

Economic Growth

An increase in the amount of goods and services produced per head of the population over a period of time, often measured as the annual percentage increase in real GDP.

Social Overhead Capital

Infrastructure and public goods provided by the government or public sector, essential for economic activities and societal well-being, such as roads, schools, and hospitals.