The __________ process is designed to provide answers to the following types of questions: -What is the long-term direction of our business?
-What is the overall plan for deploying our resources?
-How do we achieve competitive advantage over rivals in order to achieve or maximize profitability?
A)Enterprise resource planning
B)Profit margin analysis
C)Strategic planning
D)Market research

Question

Quizplus · Accepted Answer

Strategic planning is the process of defining an organization's strategy, making decisions on allocating its resources to pursue this strategy, and guiding the implementation of the strategy. It addresses questions related to the long-term direction of the business, resource deployment, and competitive advantage. Enterprise resource planning is a software system used to manage an organization's resources. Profit margin analysis and market research are tools used in business analysis and decision making, but they are not specific processes for addressing the questions listed in the question prompt.

The __________ Process Is Designed to Provide Answers to the Following