Question: 4) Strategy analysis and choice largely involves making subjective decisions based on objective information. 5) The first stage of the strategy-formulation framework is the input

4) Strategy analysis and choice largely involves making subjective decisions based on objective information. 5) The first stage of the strategy-formulation framework is the input stage, and it is directly followed by the decision stage. 6) Strengths-opportunities strategies are based on using a firm's internal strengths to take advant extemal opportunities. 7) A SWOT Matrix is composed of four cells for the four types of strategies it creates. 8) Industry analysis is also referred to as external strategic management audit

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