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The risk response plan describes the actions to take should the identified risks occur.
I and III only c. C It occurs at the business-unit product and market levels rather than at. True - Every organisation should prepare strategic plan by considering changes in business environment to take benefit from the market. I II and III None are correct . A They focus on the immediate functional aspects of an organization. I The strategic plan is stated in product terms II The strategic business plan is stated in financial terms III The strategic business plan is developed from the strategic plan a.
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Which of the following is true with regard to strategic planning. The process of strategic planning actually begins with defining the firms vision and mission statements and then moves to setting the goals and objectives of the firm before it considers creation of the strategic plan. Choices a b and c are all incorrect because they are all.
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