The most important aspect(s)of a company's business strategy
A)are the actions and moves in the marketplace that managers take to gain a sustainable competitive advantage.
B)is figuring out how to maximize profits and shareholder value.
C)concerns how to improve the efficiency of its business model.
D)deals with how management plans to maximize profits while,at the same time,operating in a socially responsible manner.
E)is figuring out how to become the industry's low-cost provider.

Question

Quizplus · Accepted Answer

The most important aspect of a company's business strategy is gaining a sustainable competitive advantage in the marketplace, which involves taking actions and making moves that set the company apart from its competitors. This can include developing unique products or services, building strong brand recognition, or implementing innovative marketing strategies, among other things. Maximizing profits and shareholder value, improving business efficiency, and operating in a socially responsible manner are all important goals for a company, but they are ultimately secondary to the primary objective of establishing a sustainable competitive edge in the marketplace. Becoming the industry's low-cost provider can be part of this strategy, but it is not the only or necessarily the most important aspect.

The Most Important Aspect(s)of a Company's Business Strategy