The strategic-management processGroup of answer choicesis a semiannual process.applies mostly to small businesses.is a continuous process.applies mostly to companies with sales greater than $100 million.occurs once a year.
Question
The strategic-management processGroup of answer choicesis a semiannual process.applies mostly to small businesses.is a continuous process.applies mostly to companies with sales greater than $100 million.occurs once a year.
Solution
The strategic-management process is a continuous process. This means it is an ongoing activity that a company uses to align itself with its market and continually revise its strategic plans and actions to achieve its goals. It does not only occur once a year, semiannually, or apply mostly to small businesses or companies with sales greater than $100 million. It is a universal process that can be applied to any business, regardless of its size or revenue.
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