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The strategy formulation is a process that is run in a company to decide how the company will compete in the market. The formulation of a strategy consists of deciding the aim and the sense of a development to reach that aims. The strategy itself must be related with some external factors like economic factor, and with internal factors like the strength and weakness of our company. Here are some factors that are important for our business:
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Marketing
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Selling
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Target market
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Products
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Financial
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Resource and development
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Human resources
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Buying
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Production
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Distribution