The Final Step of the Strategic Planning Process Is

question 60

Multiple Choice

The final step of the strategic planning process is:

• A)establishing accurate controls.
• B)translating the strategic plan into operational plans.
• C)evaluating the competitive environment.
• D)choosing a marketing strategy to pursue.

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Definitions:

Services Trade Balance

The difference in value between a country's exported and imported services, indicating whether a country is a net exporter or importer of services.

Trade Balance

The difference between a country's exports and imports of goods and services.

Colonial Power

A country that establishes control over foreign territories to exploit them economically, politically, and culturally.

Manufactured Products

Goods that have been processed or transformed from raw materials into finished goods ready for sale.