The plan of action that describes resource allocation and activities for dealing with the environment, achieving a competitive advantage, and attaining the organization's goals is known as a(n):
A) goal.
B) objective.
C) mission.
D) vision.
E) strategy.

Question

Quizplus · Accepted Answer

The definition given in the question aligns with the concept of a strategy. A goal or objective is a specific target that the organization aims to achieve. A mission is a statement of the company's purpose and reason for existence, while a vision is a future-oriented description of what the organization hopes to achieve. Therefore, the most suitable option is E - strategy.

The Plan of Action That Describes Resource Allocation and Activities