Question: It is correct about strategy: Question 3 options: Long term goals are not used to formulate corporate strategies. Strategy describes detailed action plans to reach

It is correct about strategy:
Question 3 options:
Long term goals are not used to formulate corporate strategies.
Strategy describes detailed action plans to reach the firm's objectives and is short term in nature.
Strategy is a process designed to provide the firm with information about the industry and competition.
Strategy is a higher level, broad goal without a lot of specifics and long term in nature.

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