Which of the following is true of strategic plans? a. They address questions of competitive advantage and synergy. b. They are developed by middle - and lower-level managers c. They have a short time horizon.

The correct answer is : A.

Explanation:

It is a general plan that outlines decisions on how to distribute resources. It sets the steps to follow in order to reach strategic goals. This is used to set priorities, focus energy that ensures working toward common goals. It also establishes agreements around intended results.