Home › BBA › Strategic Management › Strategic Management Process › A decision taken now about actions a firm will u…
A decision taken now about actions a firm will undertake later is called a:
APatent
BPlan
CPoll
DPledge
Answer & Solution
Correct answer: B. Plan
1. Managers make them when creating strategies.
2. They cover future action.
3. It is a plan.
_Source: OpenStax Principles of Management, Chapter 9, The Strategic Management Process._
Related questions
Once objectives are set, the firm must next turn to the question of:The most detailed plans, guiding day-to-day work, are:Plans that sit below the strategic plan and translate it into shorter-range action are calAlthough the strategy process looks orderly, most top managers actually deal with the stepWhich is given as an example of a performance measure a firm can use?Publicly held companies must disclose their performance because:The last step in the strategy cycle is:The letter M in that framework stands for a goal being: