________ is the set of actions that its managers take to outperform the company's competitors and achieve superior profitability.
A)A strategy
B)A mission statement
C)Strategic intent
D)A cost-price framework
E)A market vision

Question

Quizplus · Accepted Answer

A strategy is specifically defined as the set of actions taken by a company's managers to outperform the competition and achieve superior profitability. A mission statement is a statement of the company's purpose, while strategic intent is a company's long-term aspirations or goals. A cost-price framework refers to the pricing strategy of a company, and a market vision is a company's outlook on its future position in the market.

________ Is the Set of Actions That Its Managers Take