Which of the following is/are part of business strategy?
A) strategies of different functional areas in the firm
B) how changing industry conditions will be addressed
C) how the firm will address the range of choices it faces
D) all of these

Question

Quizplus · Accepted Answer

All of these options are part of business strategy. Strategies of different functional areas in the firm (option A) refer to how each department will contribute to achieving the company's objectives. How changing industry conditions will be addressed (option B) refers to how the company will adapt to changes in the market and competition. How the firm will address the range of choices it faces (option C) refers to the process of making decisions about the allocation of resources and prioritization of projects. Therefore, all of these components are essential to developing a comprehensive and effective business strategy.

Which of the Following Is/are Part of Business Strategy