The strategy formulation process involves both planning and strategy.

Name: The strategy formulation process involves both planning and strategy.
Brand: Quizplus
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Quizplus · Accepted Answer

This statement is true. The strategy formulation process involves the planning and creation of strategies for achieving a company's goals and objectives. Planning involves identifying opportunities, analyzing threats and strengths, and establishing specific objectives, while strategy defines the actions and resources needed to achieve those objectives.

The Strategy Formulation Process Involves Both Planning and Strategy