Asked by Sharath Rajendran on Jun 14, 2024
Verified
Which of the following encompasses the three tiers of strategic planning,from beginning to end?
A) Product level,promotion level,and distribution areas.
B) Business level,functional areas,and corporate level.
C) Promotion level,distribution areas,and product level.
D) Corporate level,business level,and functional areas.
E) Distribution areas,product level,and promotion level.
Strategic Planning
The process of defining a business's strategy or direction and making decisions on allocating its resources to pursue this strategy.
Corporate Level
concerns strategies and decisions made at the highest level of a company affecting its overall direction and encompassing all its business units.
Business Level
Refers to the strategies and activities of businesses aimed at achieving competitive advantage in a specific market or industry.
- Identify the distinct phases in strategic planning, which include analyzing the current situation, establishing goals, and executing the strategy.
Verified Answer
Learning Objectives
- Identify the distinct phases in strategic planning, which include analyzing the current situation, establishing goals, and executing the strategy.
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