The competitive moves and business approaches a company's management is using to grow the business,compete successfully,attract and please customers,conduct operations,respond to changing economic and market conditions,and achieve organizational objectives is referred to as its
A) strategy.
B) mission statement.
C) strategic intent.
D) business model.
E) strategic vision.

Question

Quizplus · Accepted Answer

A strategy is predicated on actions,business approaches,and competitive moves aimed at appealing to buyers in ways that set a company apart from rivals.Simply trying to mimic the strategies of the industry's successful companies never works.

The Competitive Moves and Business Approaches a Company's Management Is