Which of the Following Statements About Organizational Strategies Is True

Which of the following statements about organizational strategies is True?

A) Organizational strategies represent broad plans of action by which an organization intends to achieve its goals and fulfill its mission.
B) A company that has only one product does not need an organizational strategy.
C) The majority of companies do not develop organizational strategies because strategy formulation is an expensive and time-consuming process.
D) Older firms are more likely to have formalized organizational strategies than are new firms.
E) None of the above statements about organizational strategies is True.