Question

Which of the four basic components of strategy development needs to answer the question "Where are we going to conduct business?"

a) Organizational analysis
b) Mission and vision development
c) Business environment analysis
d) Strategy implementation planning

Answer 1

The correct answer is c) Business environment analysis.

Step-by-step explanation:

The correct answer is c) Business environment analysis. This component of strategy development focuses on assessing the external factors that could impact the organization's ability to conduct business. It involves analyzing the market, competitors, industry trends, and other relevant factors to determine the potential opportunities and threats in the business environment.