GlobalMart Inc. periodically reviews the goals of the company. During the process, the managers of the company analyze their current strategies as compared to their competitors' strategies, determine goals that they will pursue, and decide upon specific actions for each area of the company to take in pursuit of these goals. With these actions, the managers are engaged in the management function of

Question

Quizplus · Accepted Answer

The managers of GlobalMart Inc. are analyzing their current strategies and deciding upon specific actions to pursue their goals. This process is a clear example of planning, which is one of the main management functions involved in setting goals and determining how to achieve them.