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Test IV. Enumeration and Explanation. 20 pts 1. Name at least 02 financial and 02 non-financial benefits that a firm may derive from making strategies

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Test IV. Enumeration and Explanation. 20 pts 1. Name at least 02 financial and 02 non-financial benefits that a firm may derive from making strategies and explain? 5 pts. 2. Name at least 01 definite external environment and an example, and why companies need to be bothered and finds opportunity about this external environment? 5 pts Eg: COVID-19 health scare (DO NOT REPEAT THE SAME AS YOUR ANSWER, FIND ANOTHER) 3. Briefly discuss at least five (5) components of a good Mission Statement? 5 pts 4. How can a firm best achieve sustained competitive advantage? 5 pts

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