Strategy formulation is the process of:
Multiple Choice:
O gaining information about competition and then selecting which information to react to.
O choosing among different strategies and altering them to best fit the organization's needs.
O strategically controlling your employees' actions.
O selecting the employees who best fit the organization.
O developing a strong diversity plan
The correct answer is letter "B": choosing among different strategies and altering them to best fit the organization's needs.
Explanation:
Strategy formulation implies setting different plans of how to accomplish corporate goals including all the resources necessary to reach the firm's achievements and selecting one of them as the most suitable for the organization by which profits can be maximized. The strategy formulation process involves:
Establishing goals Evaluating the company's environment Setting measurable targets Aligning unit and corporate plans Performance analysis Selecting the best strategy
Ithink it is a i’m not for sure
The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.