A firm's strategy is a master plan for achieving its goals and objectives.

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A firm's strategy is a carefully crafted plan that outlines how the company aims to achieve its goals and objectives. It typically involves a combination of steps, tactics, and initiatives that are designed to create a competitive advantage and enable the firm to succeed in its target market. A well-defined strategy is an invaluable tool for any business, as it helps to guide decision-making and ensure that everyone within the organization is working towards the same overarching vision.

A Firm's Strategy Is a Master Plan for Achieving Its