_____ is a strategic action.
A) Increasing marketing efforts
B) Using new distribution channels
C) Acquiring a competitor
D) Increasing prices

Question

Quizplus · Accepted Answer

Acquiring a competitor is a strategic action as it involves a significant decision and investment that will impact the company's position in the market in the long-term. Increasing marketing efforts, using new distribution channels, and increasing prices can also be strategic actions, but they may not have the same level of impact as acquiring a competitor.

_____ Is a Strategic Action