1)Analyzing the current situation and developing strategies is the first step in the planning process.

True

False

2) The steps of the planning process are totally focused on the future.

True

False

3)The time horizon of plans is comprised of short, intermediate, and long-term plans.

True

False

4) The SWOT analysis and the Five Forces are mutually exclusive models of strategic planning.

True

False

5)Vertical integration is about buying companies that are in the same business.

True

False

6)Scenario planning is nothing but devising a specific "plan B" for each possible scenario.

True

False