Economics · Principles of Management
A manager in a manufacturing firm systematically analyses internal strengths and weaknesses, evaluates environmental opportunities and threats, and then formulates long-term organisational goals before allocating resources. This managerial activity primarily reflects which stage of the management process?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Organising
- 2Strategic Planning✓
- 3Directing
- 4Controlling
Correct answer
Strategic Planning
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