QQuestionBusiness Management
QuestionBusiness Management
What is the best definition for strategy?
A. A set of rules governing a game
B. Specific plans to meet a goal
C. An overall plan of action to meet a goal
D. A common objective
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Answer
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Step 1: Identify the best definition from the given options.
The best definition for strategy is: C. An overall plan of action to meet a goal
Step 2: Explain the reasoning behind this choice.
A strategy is a comprehensive plan that outlines the actions and resources required to achieve a specific goal. It involves making decisions and setting priorities based on the available resources, competition, and market conditions. This definition distinguishes itself from the other options as it encompasses a broader perspective, focusing on the overall plan to meet a goal, rather than specific plans (B) or a common objective (D). The definition also clarifies that a strategy is not merely a set of rules (A) but a thought-out plan to accomplish a desired outcome.
Final Answer
A strategy is a comprehensive plan that outlines the actions and resources required to achieve a specific goal. It involves making decisions and setting priorities based on the available resources, competition, and market conditions. This definition distinguishes itself from the other options as it encompasses a broader perspective, focusing on the overall plan to meet a goal, rather than specific plans (B) or a common objective (D). The definition also clarifies that a strategy is not merely a set of rules (A) but a thought-out plan to accomplish a desired outcome.
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