The strategic plan identifies major areas for investments in productive assets, and also identifies mergers, alliances, and divestitures to strengthen a firm's business portfolio.

Question

Quizplus · Accepted Answer

Yes, the statement is true. Strategic plans are created to guide a company's decision-making process and identify opportunities to invest in productive assets, as well as to assess whether mergers, alliances, or divestitures can enhance the company's business portfolio.

The Strategic Plan Identifies Major Areas for Investments in Productive