At Which Step of the Strategic Management Process Do Managers

question 96

Multiple Choice

At which step of the strategic management process do managers identify opportunities and threats?

• A) internal analysis
• B) formulate strategies
• C) external analysis
• D) identify current mission, objectives, and strategies
• E) evaluate results

---

Definitions:

Profit

The financial gain achieved when the revenue from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.

Unit

A single, distinct element that forms part of a system, often used for measuring, standardization, or as part of a greater whole.

Invoice

A notice from the seller to the buyer, detailing the items, their quantities, and the prices settled upon for the goods or services supplied.

Payments

Transactions by individuals or entities to transfer money in exchange for goods or services.