----------- is concerned with the determination of the basic long-term goals and the objectives of an enterprise, and the adoption of courses of action and allocation of resources necessary for carrying out these goals.

Related MCQs

• ------------ strategy occupies the highest level of strategic decision making and covers actions dealing with the objective of the firm, acquisition and allocation of resources and coordination of strategies of various SBUs for optimal performance.
• Which of the following resources is used by all organizations to achieve desired objectives?
• Which of these basic questions should a vision statement answer?
• Which of these is/are a basic activity of strategy evaluation?
• ------- can be defined as the art and science of formulating, implementing and evaluating cross-functional decisions that enable an organization to achieve its objectives.
• Long-term objectives should be all of the following except:
• Annual objectives
• Large-scale, future-oriented plans, for interacting with the competitive environment to achieve company objectives refers to its
• What are the means by which long-term objectives will be achieved?
• Firms with few competitive resources are more likely