According to our textbook,the best growth strategy is ________.

Question

Quizplus · Accepted Answer

A well-planned growth strategy is the best option as it involves thoroughly analyzing the market and competition, setting clear goals, and creating a feasible plan of action for achieving those goals. A well-executed strategy is also important but is dependent on the quality of the planning stage. Copying from competitors may not be effective as every business has unique strengths and weaknesses, and an unchangeable strategy may not adapt to changing market conditions.

According to Our Textbook,the Best Growth Strategy Is ________