What is it called when an organization develops objectives,plans,and courses of action concerning how it will operate to gain competitive advantage?
A)goal setting
B)competitive scope
C)strategy
D)organizational planning

Question

Quizplus · Accepted Answer

This is the definition of strategy, which involves the development of objectives, plans, and courses of action to gain a competitive advantage.

Answer: A, D are not correct. "Goal setting" only refers to the process of identifying specific objectives to be achieved, while "organizational planning" is a broader term that encompasses various types of planning (e.g. financial, operational, contingency) and does not necessarily focus on gaining competitive advantage.

Answer: B is not a complete answer, as "competitive scope" refers to the range of markets or products a company will compete in, but does not necessarily involve the development of objectives or action plans.

What Is It Called When an Organization Develops Objectives,plans,and Courses