Strategy Formulation Is ___

question 155

Multiple Choice

Strategy formulation is ___.

• A) a set of processes used to create new strategies by evaluating existing strategies and changes in the organizational environment
• B) the method by which strategies guide resource allocation
• C) the same as goal development
• D) also called corporate-level strategy
• E) a form of functional strategy

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Definitions:

Prospecting Methods

Various strategies and techniques used to identify potential customers or clients for a business.

Qualifying Process

The procedure of assessing potential clients or leads to determine their suitability, needs, and likelihood to purchase or engage in services.

Desire

A strong feeling of wanting to have something or wishing for something to happen.

Qualifying

The process of assessing potential customers to determine whether they have the necessary budget, authority, and need to purchase a product or service.