Planning is the function of management that involves setting objectives and determining a course of action for achieving these objectives.

true.

Explanation:

This statement is correct, as it is in the planning stage when organizational management defines its objectives and goals and action plans to achieve them.

The strategic planning of a company is one of the most important steps for the organization, it comprises the long term in the organization, so it must be well structured, contain the organizational mission, vision and values that will identify the organization in the market and help in achieving the goals and objectives.

The course of action defined in the planning must be constantly monitored and revised when necessary, as it is through this planning that a company becomes well positioned, competitive and profitable in the market in which it operates.

answer; ///(d); determining who competes most closely   with whom evaluating whether industry driving forces and competitive pressure favor some strategic groups and hurt others, and ascertaining whether the profit potential of different strategic groups varies due to the strengths and weaknesses in each groups respective market positions;