A cluster of decisions about what goals to pursue, what actions to take, and how to use resources to achieve goals is known as:
A)strategy
B)vertical integration
C)multi-domestic strategy
D)planning
E)SWOT analysis

Question

Quizplus · Accepted Answer

A cluster of decisions about what goals to pursue, what actions to take, and how to use resources to achieve goals is known as a strategy. Vertical integration refers to a company's control over its supply chain, while multi-domestic strategy refers to a localization approach to doing business in different countries. Planning and SWOT analysis are part of the strategic process, but they are not the same as a strategy itself.

A Cluster of Decisions About What Goals to Pursue, What