The First Four Steps of the Strategic Management Process Describe

question 103

Multiple Choice

The first four steps of the strategic management process describe the strategic ________ that must take place in an organization.

• A) evaluation
• B) controlling
• C) planning
• D) implementation

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Definitions:

Nonfinancial Firms

Companies that primarily deal in products and services rather than financial instruments and markets, such as manufacturing, retail, and technology firms.

Acquisitions

The process by which one company purchases most or all of another company's shares to gain control of that company.

Divestitures

Refers to the process of a company selling off or liquidating parts of its business or assets.

IFRS

International Financial Reporting Standards, a set of international accounting standards stating how particular types of transactions and other events should be reported in financial statements.