A strategy is a(n):
A) set of opportunities in the marketplace.
B) broad statement of purpose.
C) simulation used to test various product line options.
D) plan for cost reduction.
E) action plan to achieve the mission.

Question

Quizplus · Accepted Answer

A strategy is an action plan to achieve the mission of a company or organization. It outlines how the mission will be achieved and the steps that need to be taken. Options A, B, C, and D do not fully capture the definition of a strategy.

A Strategy Is A(n)