Which of the Following Is the Best Definition of Strategic

question 4

Multiple Choice

Which of the following is the best definition of strategic planning?

• A)Strategic planning is defined as a chaotic approach to organizational change.
• B)Strategic planning is defined as a series of sequential steps leading to individualized goals.
• C)Strategic planning is defined as a plan devoid of a mission and goals.
• D)Strategic planning is defined as the process of determining what an organization wants to be in the future and planning how it will get there.

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Definitions:

Copyright

A form of intellectual property protection that grants the creator exclusive rights to reproduce, distribute, and adapt their original work.

Patent

A legal document granted by the government giving an inventor exclusive rights to manufacture, use, or sell an invention for a certain number of years.

Primary Demand

The total demand for an entire product category rather than for a specific brand.

Selective Demand

Selective demand is the demand for a specific brand or product within a category, rather than the category as a whole, often influenced by marketing and brand differentiation.