________ formulates the effective management concentrates on opportunities and threats in long-range plans.

Planning

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Business strategy

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Budgetary plan

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Transformational process

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Solution

The correct option is B Business strategy
Business strategy formulates the effective management concentrates on opportunities and threats in long-range plans. Proper strategic planning made by the business organizations help to improve management strategies and policies. It helps to achieve organization growth in a more efficient manner.

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