Question

In terms of defining specific goals and objectives, ________ involve(s) comparing a firm's actions to its competitor's actions.

Answer 1

Answer:

The answer is strategic management.

Explanation:

Strategic management is the process by which a company wishes to achieve its specific goals and objectives with the major aim of having an advantage over other companies in the same type of business.

Strategic management is usually determined by the management staff and communicated to their subordinates for implementation. This is important because it is specific, unique to the company and usually time bound.