BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Relative power is the most critical element for prioritizing the demands of stakeholders.

Detailed explanation-2: -Relative power is the most critical criteria for prioritizing the demands of stakeholders. Hourly workers on the production line of a chicken-processing plant are considered organiza-tional stakeholders. Customers, suppliers, unions, and local governments are examples of capital market stakehold-ers.

Detailed explanation-3: -Strategy Formulation It determines what actions need to be taken to accomplish the goals. This is the most elaborate component of strategic management because how well the strategy is formulated will ensure the success of it. It also involves the allocation of resources at each phase of implementation.

Detailed explanation-4: -Answer and Explanation: The correct answer is C) both internal and external issues. The competitive profile matrix and external factor evaluation matrix is a strategy formulation and analysis tool. The critical success factor in both tools focuses on the internal and external issue associated with the organization.