Question: Test IV. Enumeration and Explanation. 20 pts 1. Name at least 02 financial and 02 non-financial benefits that a firm may derive from making strategies

Test IV. Enumeration and Explanation. 20 pts 1. Name at least

Test IV. Enumeration and Explanation. 20 pts 1. Name at least 02 financial and 02 non-financial benefits that a firm may derive from making strategies and explain? 5 pts. 2. Name at least 01 definite external environment and an example, and why companies need to be bothered and finds opportunity about this external environment? 5 pts Eg: COVID-19 health scare (DO NOT REPEAT THE SAME AS YOUR ANSWER, FIND ANOTHER) 3. Briefly discuss at least five (5) components of a good Mission Statement? 5 pts 4. How can a firm best achieve sustained competitive advantage? 5 pts

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