Strategy refers to the general policies that managers adopt to increase
A)costs.
B)the number of client meetings.
C)the rate of technological change.
D)the generation of profits.

Question

Quizplus · Accepted Answer

Strategy is used by managers to increase the generation of profits. It involves making choices and allocating resources to achieve specific objectives that are consistent with the overall goals of the organization. While strategies may involve increasing costs or changing technology, these actions are generally taken in order to increase profits in the long run. Therefore, the correct answer is D) the generation of profits.

Strategy Refers to the General Policies That Managers Adopt to Increase