162k views
4 votes
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.

User Vladan
by
7.6k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories