A company's strategy consists of the action plan management is taking to:
A) grow the business,stake out a market position,attract and please customers,compete successfully,conduct operations,and achieve performance objectives.
B) compete against rivals and establish a sustainable competitive advantage.
C) make its product offering more distinctive and appealing to buyers.
D) develop a more appealing business model than rivals.
E) identify its strategic vision,its strategic objectives,and its strategic intent.

Question

Quizplus · Accepted Answer

A company's strategy encompasses its overall plan to achieve its goals and objectives, which may include growing the business, gaining a competitive advantage, attracting and pleasing customers, achieving performance objectives, and conducting operations in an efficient and effective manner. While B, C, D, and E can be components of a company's strategy, they are not comprehensive enough to fully encompass an entire strategy.

A Company's Strategy Consists of the Action Plan Management Is