Which of the following statements is true about a business strategy?
A) The success or failure of a business strategy cannot be judged by the ability of the business to attract the customers it targeted.
B) The business strategy seeks to identify the general basis on which the business will compete.
C) A successful business strategy must evolve from learning about the market and capabilities and finding . a small match that no one else has.
D) None of the above.

Question

Quizplus · Accepted Answer

The business strategy is fundamentally about identifying how a business intends to compete in its market. This involves determining the basis of competition, such as cost leadership, differentiation, or focus strategies, to establish a competitive advantage.

Which of the Following Statements Is True About a Business