Which of the Following Is Not One of the Four

question 1

Multiple Choice

Which of the following is not one of the four major components of the strategy formulation?

• A) identification and appraisal of the firm's strengths and weaknesses
• B) identification and appraisal of opportunities and threats in the environment
• C) identification and appraisal of personal values and aspirations of management
• D) all of the above

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Definitions:

Import Units

A measure concerning the quantity of goods or services that a country brings in from other countries for domestic consumption or use.

Trade

The exchange of goods, services, or both between two or more parties, either within an economy or between economies.

Comparative Advantage

The ability of an individual, firm, or country to produce a particular good or service at a lower opportunity cost than others.

World Price

denotes the global market price of a good or service, which can affect domestic markets through imports and exports.