The company matches its capabilities with environmental demands is?
Correct answer: C. Strategic planning
- A. Strategy
- B. Corporate plan
- C. Strategic planning
- D. all of above
Explanation
Strategic planning involves matching an organization’s internal capabilities with demands and opportunities in its environment. A corporate plan or strategy may result from this process, but the matching process itself is strategic planning.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
About Principles of Management
Management principles explain how organisations set objectives and coordinate people and resources to achieve them. Coverage includes planning, organising, staffing, directing, coordinating and controlling, along with authority, responsibility, delegation, span of control and the levels of management. These functions are related but not interchangeable, especially planning and controlling.
Practise Principles of Management
138 free Principles of Management MCQs from Management Sciences, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Management Sciences questions like this
Management Sciences is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Principles of Management questions
Making a fit between company's competitive aims and each department's plan is?
The 'corporate strategy' includes?
The statement by Wal-Mart "Save money, Live better" is pointing its business strategy as?
'Patents' can be the best classified as?
A company that controls market by offering same products as of competitors, considered as?
The plan which is firstly discussed in business plan is mostly?