Which of the Following Is a True Statement About the Strategic

Multiple Choice

Which of the following is a true statement about the strategic formulation process?

A) Domestic strategic formulation is more difficult than global strategic formulation.
B) The strategic formulation process is an aspect of a firm's strategic management process.
C) Strategic formulation consists of four defined stages that occur in a consecutive order.
D) Most firms operate on planning cycles of ten or more years with periodic strategy reviews.