The strategic management process is;Question $9$ Select one:a$.$a set of activities that will assure a sustainable competitive advantage and above$-$average returns for the firm.b$.$a decision$-$making activity concerned with a firm's internal resources, capabilities, and competencies, independent of the conditions in its external environment.c$.$a process directed by top$-$management with input from other stakeholders that seeks to achieve above$-$average returns for investors through effective use of the organization's resources.d$.$the formulation and implementation of a full set of commitments, decisions, and actions required for the firm to achieve above$-$average returns and strategic competitiveness.