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Management · Q220

Strategic Management

Graduate and Post Graduate · Management · question 220

Q220

Which of the following is true for small businesses in relation to strategic planning?

A.
It belongs in all organizations
Answer
B.
It is too expensive
C.
It only belongs in large organizations
D.
The benefits are too long term

Answer: Option A

Solution

Answer: Option A
Solution:
It belongs in all organizations is true for small businesses in relation to strategic planning. Strategic planning is a process in which organizational leaders determine their vision for the future as well as identify their goals and objectives for the organization.