Which of the following steps in the formal planning process involves studying past events, examining current conditions, and forecasting future trends?
A. Analyzing the situation
B. Generating alternative goals and plans
C. Evaluating goals and plans
D. Selecting goals and plans
E. Monitoring and controlling performance
Ans: A. Analyzing the situation
Business
You might also like to view...
New-to-the-world products are ________
A) low-cost products designed to obtain an edge in highly competitive markets B) new product enhancements that supplement established products C) new versions of an existing product that has been less successful D) new products that create an entirely new market E) existing products that are targeted to new geographical markets
Business
Explain the components of planning
What will be an ideal response?
Business