Which of the following guidelines of strategic planning are not correct?Question 6Answera.None of the optionsb.You must not have a clear intelligence on your competitors.c.You must have a believable, predictable sales line for the strategy to work.d.You must have a realistic and detailed understanding of the marketplace and the economy

Strategic Planning is systematic process of envisioning a desired future, and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.Question 2Answera.true\'b.FALSE\'c.sured.unsure

Which of the following tasks is not part of strategic planning?Question 15Answera.Developing detailed project schedules and timelines.b.Managing the businesses as an investment portfolio. c.Assessing the market’s growth rate and the company’s position in that market.

hich one of the five statements below about Business Plans is wrong/incorrect:Question 4AnswerA.Informs the market plan and marketing strategyB.After development, a business plan should not altered to meet any changes in the context or situation of each opportunity/venture.C.Forces the entrepreneur to think clearly about all aspects of the proposed business.D.Business planning facilitates the analysis of the venture's potential and selection of an appropriate competitive strategy.E.Helps entrepreneurs to communicate their creative idea(s) to others.

Issues commonly covered by strategic planning are:Group of answer choicesexpansion plans.deletion of business segments.business takeovers.all of the options are correct.

When developing marketing plans, what should a firm consider about their competition?Multiple choice question.Their reactionThe amount of time they have been in businessTheir growth trajectoryTheir confidential new product plans