A strategy is an idea that encompasses all the different paths a firm may take without a specific decision being made.

Question

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A strategy is a specific plan or approach taken by a firm to achieve its goals and objectives. It involves making decisions on what actions to take, what resources to allocate, and how to compete in the marketplace. A strategy is not simply an idea, as it requires implementation and execution to be effective.

A Strategy Is an Idea That Encompasses All the Different