Business strategy can be summarized as
A)establishing a competitive advantage over rivals.
B)the means by which individuals achieve their objectives.
C)the formal detailed plans used by organizations to guide their actions.
D)the will of top managers to change their organization.

Question

Quizplus · Accepted Answer

Business strategy is about developing and maintaining a competitive advantage over rivals in the industry. It involves making choices about how the organization will compete, what products or services it will offer, and how it will position itself in the market. It's not just a detailed plan or the will of top management, but a long-term plan to achieve sustained success.

Business Strategy Can Be Summarized as