Which of the following statements concerning an organization's strategy is true?
A) Strategy specifies how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its objectives.
B) Cost accountants formulate strategy in an organization since they have more inputs about costs.
C) A good strategy will always overcome poor implementation.
D) Businesses usually follow one of two broad strategies: offering a quality product at a high price, or offering a unique product or service priced lower than the competition.

Question

Quizplus · Accepted Answer

A is the correct statement because it accurately reflects the purpose of a strategy which is to align an organization's capabilities with opportunities in the marketplace to achieve its objectives. B is incorrect because cost accountants may be involved in analyzing costs to support strategy development, they do not formulate strategy. C is incorrect since even the best strategy can fail if not implemented properly. D is incorrect because there are numerous strategic options available to businesses beyond those two broad categories.

Which of the Following Statements Concerning an Organization's Strategy Is