What is the term for action plans that are intended to create a significant advantage over the competition?

Question

Quizplus · Accepted Answer

Strategies are action plans that are intended to create a significant advantage over the competition. Goals are broad statements of what a company wants to achieve, tactics are specific actions taken to achieve goals, and plans are detailed outlines of how to achieve goals. Only strategies specifically focus on gaining an advantage over competitors.

What Is the Term for Action Plans That Are Intended