127k views
19 votes
If Toyota were planning to introduce a sports car that was powered by a hydrogen-oxygen fuel cell when the price of gasoline in the U.S. reached $4.00 per gallon, this would probably best be described as a. an economic plan. b. a technological plan. c. a strategic plan. d. an industry-wide plan. e. a tactical plan.

1 Answer

5 votes

Answer:

c. a strategic plan.

Step-by-step explanation:

Business strategy sets the overall direction for the business; it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan.

If Toyota were planning to introduce a sports car that was powered by a hydrogen-oxygen fuel cell when the price of gasoline in the U.S. reached $4.00 per gallon, this would probably best be described as a strategic plan.

User Mansoor Akram
by
4.4k points