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SAMPLE ONLY : WILL NOT NECESSARILY BE ON THE EXAM / EXAM QUESTIONS NOT LIMITED TO THESE 1. The strategic management process is:A.a set of activities that is guaranteed to prevent organisational failureB.a process concerned with a firm’s resources, capabilities and competencies, but not with conditions in its external environmentC.a set of activities that have not been used successfully in the not-for-profit sectorD. a dynamic process involving the full set of commitments, decisions and actions related to a firm2. Product market stakeholders include a firm’s customers. The principal concern of this stakeholder group is:3. The economic environment refers to:4. The likelihood that firms will enter an industry is a function which pair of factors?