At what stage in the planning and control process should an organisation first recognise the need to diversify and respond to new market conditions?
A) Setting objectives
B) Strategic decisions
C) Setting budgets
D) Control

Question

Quizplus · Accepted Answer

Diversification and responding to new market conditions are strategic decisions that involve considering the long-term goals and direction of the organization. It is at this stage that an organization can evaluate its current market position and identify opportunities for growth and expansion, including diversification to new markets. Setting objectives and budgets come after this stage, and control comes after implementation to ensure that the plans are on track.

At What Stage in the Planning and Control Process Should