Question

You are reading a ______________ that outlines your company's long-term goals and direction. These goals include "Reduce energy consumption in our offices by 20 percent," "Grow our market share in China from 3 percent to 10 percent," "Enter a strategic alliance with a partner in Australia to begin selling our products in Sydney and Brisbane," and "Equip all sales representatives with an app that allows them to provide an immediate quote when meeting with customers.

a. values statementb. business planc. strategic pland. vision statemente. SMART goal

Answer 1

The correct answer is letter "C": strategic plan.

Step-by-step explanation:

Strategic planning is a management tool that allows determining what to do and the path that companies should take to achieve specific expected goals, considering the changes and demands of the company's environment. Thus, strategic planning is a key tool for decision-making within firms. The SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis is used as part of the strategic planning.