BACHELOR OF BUSINESS ADMINISTRATION

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BUSINESS ADMINISTRATION

STRATEGIC MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A company is performing an analysis of its environment. It has detected that one of its greatest threats is the potential rise of inflation by 3%. The other two factors that impact it are that there might be a change in fiscal policy that will decrease the effective tax rate by 15% and that Republicans might lose their majority in Congress, creating a complicated political climate. Identify which of the factors mentioned are economic factors:
A
All of the mentioned factors are economic.
B
The increase of inflation by 3%.
C
The increase of inflation by 3% and the change of fiscal policy by decreasing the tax rate by 15%.
D
The Republicans losing their majority in Congress.
Explanation: 

Detailed explanation-1: -Strategic analysis refers to the process of researching an organization and its working environment to formulate a strategy. There are many other definitions of strategic analysis with a different perspective. But they all involve a lot of common factors.

Detailed explanation-2: -Strategic analysis refers to an evaluation of an organization’s work environment. This work environment generally defines how the organization operates its business. It helps to determine the mood functioning of the organization and whether the goals and objectives set by the organization can be met.

Detailed explanation-3: -A mission statement is a concise explanation of the organization’s reason for existence. It describes the organization’s purpose and its overall intention. The mission statement supports the vision and serves to communicate purpose and direction to employees, customers, vendors and other stakeholders.

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