________ involves adapting a firm to take advantage of opportunities in its constantly changing environment.
A)Long-range planning
B)Short-range planning
C)Annual planning
D)Strategic planning
E)Environmental scanning

Question

Quizplus · Accepted Answer

Strategic planning involves analyzing the internal and external environment of a firm, setting goals and objectives and developing strategies to achieve them. This process allows a firm to adapt and respond to changes in its environment, including identifying new opportunities and adjusting its operations accordingly.

________ Involves Adapting a Firm to Take Advantage of Opportunities