Generally speaking,a strategy is
A)an action plan that guides resource investments.
B)a formal statement of what the firm intends to do.
C)an expanded description of the firm's mission statement.
D)most effective when it is designed to reflect the tactics that are common within an industry.

Question

Quizplus · Accepted Answer

A strategy is an action plan that provides guidance on where to invest resources to achieve a specific goal or objective. It involves a detailed plan of action that outlines how the firm will allocate its resources to succeed in a particular market or industry. A strategy helps the firm to focus its efforts on the most critical and profitable areas and avoid wastage of resources on non-essential activities.

Generally Speaking,a Strategy Is