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According to the Critical Thinking box on smoking and psychological disorders, which of the following statements is FALSE?
Corporate Strategy
The overarching plan and direction a company adopts to achieve its long-term goals and maintain competitive advantage.
Operations
The day-to-day activities involved in running a business, ensuring it efficiently produces goods and services to meet customer demand.
Strategy Formulation
The process of crafting strategies to guide the allocation of resources.
External Environment
Factors outside an organization that can affect its performance, such as economic conditions, competition, and regulatory policies.
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