A business strategy is the strategic plan for:
A) managing multiple lines of businesses.
B) managing one line of business.
C) managing one area of a business.
D) none of these

Question

Quizplus · Accepted Answer

A business strategy is a strategic plan for managing one line of business. While it may include multiple aspects of the business, such as marketing, operations, and finance, it is focused on achieving specific goals and competitive advantages within a particular industry or market segment. It is not specific to managing multiple lines of businesses (A) or only one area of a business (C).

A Business Strategy Is the Strategic Plan For