The simplest useful definition of business strategy would be
A)a sort of plan.
B)a conceptual construct relating to the juxtaposition of corporate richness versus the snakes and ladders of a kaleidoscopic environment.
C)how to win the corporate wars; price wars, technology races, develop killer applications.
D)how to compete within an industry or market.

Question

Quizplus · Accepted Answer

The definition of business strategy is how a company plans to compete within an industry or market. This involves identifying strengths and weaknesses of the company and its competitors, and using that information to create a plan for success. Choices A and B are not specific enough, while choice C is too focused on specific aspects of strategy rather than the overall concept.

The Simplest Useful Definition of Business Strategy Would Be