The term _____ refers to a fundamental pattern of present and planned objectives,resource deployments,and interactions of an organization with markets,competitors,and other environmental factors.

Question

Quizplus · Accepted Answer

The term that best matches the definition provided is "strategy". A strategy outlines the core objectives, resource allocation and business interactions necessary for a company to achieve success in its respective market environment. While missions and goals can be components of a broader strategy, they alone do not fully capture the complexity of the strategic planning process. A process is simply the series of steps involved in accomplishing a task or goal.

The Term _____ Refers to a Fundamental Pattern of Present