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Which of the Following Statements Are True

question 38

Multiple Choice

Which of the following statements are true?


Definitions:

Corporate Strategy

The overarching plan and direction a company adopts to achieve its long-term goals and maintain competitive advantage.

Operations

The day-to-day activities involved in running a business, ensuring it efficiently produces goods and services to meet customer demand.

Strategy Formulation

The process of crafting strategies to guide the allocation of resources.

External Environment

Factors outside an organization that can affect its performance, such as economic conditions, competition, and regulatory policies.

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