We define a business strategy as a long-term plan of action designed to achieve a particular goal.The Answer of a business strategy is a long-term plan of action designed to reflect the Answer of a particular goal.

What strategic that has overall long-term goal of the management of the organization

Strategic planning:Question 18Select one:a.does not provide a workable solution and does not meet the stated objectives.b.is long range planning to set organizational goals, objectives, and policies to determine strategies, tactics, and programs for achieving them.c.is a one time plan developed for a single occasion or purpose.d.cannot be adapted to a change in the situation

The process of developing and maintaining a strategic fit between the organisation’s goals and capabilities and its changing market opportunities is known as...a.long-range planningb.annual market planningc.strategic planningd.ahort-term planninge.SBU planning

Strategic planning can be defined asMultiple Choicean action plan to achieve specific long-term goals and objectives.how each functional area will achieve its specific goals and objectives.an action plan to achieve specific operational and tactical goals.a procedure for allocating resources to appropriate functions in the organization.taking big risks to maximize current period benefits.

Fill in the blank: Strategies support the plan to achieve the marketing goal and tend to be general ideas. _____ are actions taken to make the plan happen.1 pointTacticsSchemesMethodsTechniques