The fundamental task of business strategy is to determine how the firm:
A)Will make a profit in its industry environment
B)Will deploy its resources to satisfy its short-term financial goals
C)Will deploy its resources to satisfy its long-term goals
D)Can organize its activities to obliterate its rivals

Question

Quizplus · Accepted Answer

Business strategy is concerned with creating a plan and guiding principles for achieving long-term goals. These goals can include expanding market share, increasing profitability, or entering new markets. A solid business strategy considers both internal and external factors and outlines the steps the firm needs to take to achieve its long-term objectives.

The Fundamental Task of Business Strategy Is to Determine How