The Four Key Attributes of Strategic Management Include the Idea

question 92

Multiple Choice

The four key attributes of strategic management include the idea that strategy must

• A) be directed toward overall organizational goals and objectives.
• B) be focused only on long-term objectives.
• C) be focused on only one specific area of an organization.
• D) focus only on competitor strengths.

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Definitions:

Commerce

The activity of buying and selling, especially on a large scale, involving transportation and exchange of goods and services.

Commodities

Basic goods used in commerce that are interchangeable with other goods of the same type.

Confederation

An organization that consists of a number of parties or groups united in an alliance or league, often referring to a union of states with limited central power.

Sovereign Authority

The ultimate power or authority within a given territory, typically held by a state or monarch, over which no other power can exercise control.