Is the following statement True or False? Strategy is based on the assumption and hypotheses about how competition in an industry is at the present moment. True False Question 2 1 pts The ultimate objective of the strategic management process is the realization of parity True False Question 3 Which of the following are true regarding strategy? Strategy: (Select all that apply) Begins when a firm identifies its mission/short term purpose Is written in the form of a mission statement Defining objectives do not have to be measurable to evaluate whether they have been accomplished. External and internal analysis are necessary to define threats/opportunities, strengths/weaknesses. Two most popular "measures" are economic performance and accounting performance. 1 pts