Identifying the strategic issues that company managers need to address

involves using the results of both industry and competitive analysis and evaluations of the company's internal situation using the VRIN tests.

is facilitated by analysis of the company's cost structure and customer value proposition relative to its rivals.

sets the agenda for deciding what actions to take next to improve the company's performance and business outlook.

entails locking in on what challenges the company has to overcome in order to be financially and competitively successful in the years ahead.

All of these choices are correct.

All of these choices are correct.