Tag (SQ): long-term planning

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BMIS – L1 – SA – Q5.1 – Introduction to business strategy

business strategy, strategic management, objectives, long-term planning Question Short Summary: Identifies the importance of strategic management.

Question

Which one of the following best describes the reason why strategic management is important?

A It allows managers to create proper budgets

B It establishes long term objectives and a framework

C It focuses on tactical actions

D It allows the development of policies

Answer

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Tags: Business Strategy, long-term planning, Objectives, Strategic management
Level: Level 1

Topic: Introduction to business strategy

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