Which of the following represents strategy formulation in a nonmarket issue?

Question

Quizplus · Accepted Answer

Strategy formulation in a nonmarket issue involves identifying the issue and devising a plan for addressing it through the political and social environments. Option C shows the firm identifying the issue and devising a plan to address it by pursuing it first with the state government and then at the national level. Option A is an example of seeking legal advice in response to an issue, which is part of strategy implementation. Option B shows a specific action that is taken but does not involve identifying the issue or formulating a plan. Option D is an example of forming a coalition, which is also part of strategy implementation.

Which of the Following Represents Strategy Formulation in a Nonmarket