Strategic management consists of which one of the following combinations.
1. Environmental scanning
2. Strategy for outplay
3. Strategy formulation
4. Strategy implementation
5. Evaluation and control
A. 1, 2, 3 and 4
B. 2, 3, 4 and 5
C. 1, 3, 4 and 5
D. 2, 3 and 4
Answer: Option C
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