The Primary Output of the Strategic Management Process Should Be

question 118

Multiple Choice

The primary output of the strategic management process should be:

• A)a matching of its strengths and weaknesses to the opportunities and threats in the environment.
• B)an enticement to outside investors and lenders to put money into the business.
• C)a complete explanation of the company's product or service.
• D)a description of the company's competitive situation.

---

Definitions:

Functional Currency

The primary currency used by a business or unit in its financial statements, reflecting the economic environment in which it primarily operates.

Income Tax Expense

The total amount of income tax a company is obligated to pay to governmental authorities based on its taxable income.

Functional Currency

The currency of the primary economic environment in which the entity operates, typically the currency in which an entity primarily generates and expends cash.

Foreign Subsidiary

A company owned or controlled by another company that is based in another country.