The fourth step of the small business strategy planning process
A)is where you consider your customers and the benefits you want to offer them.
B)aims to refine your firm's capabilities in order to maintain a competitive advantage.
C)involves determining the best strategic direction and strategy for the firm.
D)is to study the dynamics and trends of your industry.

Question

Quizplus · Accepted Answer

The fourth step of the small business strategy planning process is to determine the best strategic direction and strategy for the firm. This involves analyzing the information gathered in the previous steps and making decisions about the future direction of the business. It is a critical step in the planning process as it sets the overall course of action for the business.

The Fourth Step of the Small Business Strategy Planning Process