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What is a strategy?

A. A specific step to be accomplished in the short term that will
eventually lead to reaching one's goals
O B. A training or certification that helps a person expand his or her
skill set
C. A statement that defines what an individual or group desires to
accomplish or become
D. An action to be taken that will likely result in accomplishing goals
and objectives

1 Answer

3 votes

Answer:

D. An action to be taken that will likely result in accomplishing goals

and objectives

Step-by-step explanation:

In Business management, a strategy can be defined as a set of guiding principles, actions and decisions that an organization combines so as to achieve its business goals, attract customers and possess a competitive advantage over its rivals in the industry.

Business strategy sets the overall direction for the business because 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. The components of a business strategy includes the following;

I. Value.

II. Vision.

III. Mission.

In conclusion, a strategy is an action to be taken that will likely result in accomplishing goals

and objectives.

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