Questions: The term strategic planning is used synonymously in this text with what other term? A: Strategy formulation B. Scenario planning C. Strategy implementation D. Long-range planning E. Strategic management

The answer is D. Long-range planning

Strategy formulation refers to the process of creating strategies to achieve organizational goals. While it is a part of strategic planning, it is not synonymous with it.

Scenario planning involves creating and analyzing possible future scenarios to make better strategic decisions. It is a tool used within strategic planning but is not synonymous with it.

Strategy implementation is the process of putting strategies into action. It follows strategic planning and is not synonymous with it.

Long-range planning is often used interchangeably with strategic planning. Both terms involve setting long-term goals and determining the best strategies to achieve them.

Strategic management encompasses the entire process of strategic planning, implementation, and evaluation. It is a broader term and not synonymous with strategic planning alone.