Question

Managers at Dimensions, Inc., analyze the current situation of their organization and then develop plans to help their organization accomplish its mission and achieve its goals. This is known as ________.

a. synergy planning
b. strategy formulation
c. functional planning
d. SWOT analysis

Answer 1

Managers at Dimensions, Inc., analyze the current situation of their organization and then develop plans to help their organization accomplish its mission and achieve its goals. This is known as strategy formulation.

Step-by-step explanation:

The correct answer is strategy formulation. Managers at Dimensions, Inc., analyze the current situation of their organization and then develop plans to help their organization accomplish its mission and achieve its goals. This process of analyzing the situation and developing plans is known as strategy formulation.