The Second Step in the Process of Strategic Analysis Is

question 18

Multiple Choice

The second step in the process of strategic analysis is to

• A) develop and evaluate proposals to address business opportunities and challenges
• B) assess past performance
• C) forecast future performance under current strategy
• D) move to build commitment and develop required capabilities

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Definitions:

Real GDP

Gross Domestic Product adjusted for inflation, reflecting the value of all goods and services produced by an economy in a given year.

Inflation

A measure of the rate at which the general level of prices for goods and services is rising, leading to a decrease in purchasing power.

National Income

The total value of all goods and services produced by a country's residents and businesses, including income from abroad, over a specified period.

Personal Consumption Expenditures

The component of a nation's economy that includes the total amount spent by individuals and households on goods and services.