In 2004,Giorgio Armani,the Italian fashion group,announced plans to launch a $1 billion international luxury hotel chain containing ten hotels and four resorts before the end of 2015.This _____ will take advantage of an international trend toward luxury lifestyle consumerism and allow the company to achieve its growth objectives.

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The statement mentions Giorgio Armani's plans to launch a $1 billion international luxury hotel chain before the end of 2015, which demonstrates a long-term plan to achieve growth objectives. This indicates strategic planning, which involves analyzing the company's position and developing a long-term approach to achieve its goals. The other options, such as tactical objectifying or horizon planning, do not accurately describe this type of long-term planning.

In 2004,Giorgio Armani,the Italian Fashion Group,announced Plans to Launch a $1