Taking stock of where an organization has been recently, where it is now, and where it is headed in light of the organization's plans and the external factors and trends affecting it is called the:
A)strategic market planning.
B)situation analysis.
C)systems analysis.
D)goal setting.

Question

Quizplus · Accepted Answer

The term used to describe taking stock of an organization's recent past, current state, and future plans in the context of external factors is known as a situation analysis. Strategic market planning involves developing strategies to achieve organizational goals, systems analysis focuses on evaluating and improving internal systems and processes, and goal setting pertains to establishing specific objectives to work towards.

Taking Stock of Where an Organization Has Been Recently, Where