Strategy refers to the general policies that managers adopt to increase:
A) costs.
B) the number of customers at the same price.
C) the rate of technological change.
D) the generation of profits.

Question

Quizplus · Accepted Answer

Strategy is adopted by managers to increase the generation of profits, which is the ultimate goal of any business. The other options, such as increasing costs or the rate of technological change, may not necessarily result in increased profits. And while increasing the number of customers may lead to increased revenue, it does not necessarily lead to increased profits unless costs are managed effectively.

Strategy Refers to the General Policies That Managers Adopt to Increase