The following information on the strategy of a business is given:
a) The process by which an entity deploys its resources and capabilities within its business environment to achieve its goals and meet stakeholder needs is described as the strategy of a business.
b) The approval of the short-, medium- and long-term strategy is the responsibility of the governing body of an entity.
c) Strategic planning is the business enterprise’s long-term plan. This includes specific plans, actions and policies to be followed in order to achieve enterprise’s specific goals.
d) The vision of the enterprise is a future oriented statement of position that the entity is planning to take in the future.
e) Some of the benefits of having a clear mission statements is that by following the mission statement ensures that the organization lives up to shareholder’s expectation and it communicated the objectives of the organization to all stakeholders.
f) The goals of an entity states where the entity intends to be in the future. The objectives are specific and are formulated to plan when the specific activities that lead to the achievement of the goals will be undertaken.
From the above statements indicate which are TRUE.
a.
Statements (a), (b), (c), (d) and (e)
b.
Statements (a), (b), (c), (d), (e) and (f)
c.
Statements (a), (c) and (e)
d.
Statements (b), (c), (d) and (f)