Which of the Following Applies to Strategic Issues

question 56

Multiple Choice

Which of the following applies to strategic issues?

• A) Consider only the firm's external environment
• B) Are future oriented
• C) Concern allocation of insignificant amounts of company resources
• D) Do not have long-term impact on the firm's prosperity

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Definitions:

Power Resource Theory

Holds that the distribution of power among major classes partly accounts for the successes and failures of different political parties over the long term.

Political Power

The ability to influence or control the policies and actions of a government or society, often held by elected officials, governments, or influential groups and individuals.

Group Interests

The collective goals or concerns shared by a group of people, typically relating to their welfare, rights, or social and economic advancement.

State-Centred Theory

Holds that the state itself can structure political life, to some degree, independently of the way power is distributed between classes and other groups at a given time.