Which of the following terms refers to the basic means by which a company competes: its choice of business in which it operates and how it differentiates itself from its competitors?
A) mission
B) procedure
C) strategy
D) process

Question

Quizplus · Accepted Answer

The term that refers to a company's choice of business and differentiation from competitors is its strategy. A company's mission is its overall purpose, while a procedure and process are specific steps or methods used to accomplish a task.

Which of the Following Terms Refers to the Basic Means