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Author Question: What is strategy? What is strategic planning? What will be an ideal ... (Read 23 times)

nenivikky

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on: Jul 7, 2018
What is strategy? What is strategic planning?
 
  What will be an ideal response?

Question 2

Trade barriers, such as tariffs and quotas, decrease risk and increase profits. Hence, they are attractive to foreign companies.
 
  Indicate whether the statement is true or false


Alyson.hiatt@yahoo.com

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Reply #1 on: Jul 7, 2018
Answer to Question 1

Strategy is the basic means by which a company competes. It includes the choice of business or businesses in which to operate and the ways to differentiate itself from competitors. Strategic planning is the process by which a firm's managers evaluate the future prospects of the firm and decide on appropriate strategies to achieve long-term objectives.

Answer to Question 2

FALSE


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