A company's strategy consists of the action plan management takes to
A)stake out a unique market position and achieve superior profitability.
B)compete against rivals and establish a transitory competitive advantage.
C)concentrate on improving the existing product offering irrespective of the changing and turbulent markets.
D)develop a more appealing business model than rivals.
E)identify its strategic vision, its strategic objectives, and its strategic intent.

Question

Quizplus · Accepted Answer

A company's strategy involves the actions taken by management to stake out a unique market position and achieve superior profitability. This involves determining how to compete against rivals and differentiate the company's offerings in the market. It also involves making choices about where to invest resources and how to allocate them in a way that supports the strategic goals of the organization.

A Company's Strategy Consists of the Action Plan Management Takes