________ is the set of planned actions taken by managers to help a company meet its objectives.
A) Mission formulation
B) Planning
C) Value chain analysis
D) Strategy

Question

Quizplus · Accepted Answer

The definition given in the question perfectly matches the definition of strategy. Strategy is the set of planned actions taken by managers to help a company meet its objectives. It involves making choices and allocating resources to achieve a desired outcome. A, B, and C may be part of the process of developing a strategy but are not sufficient to describe the entire process of strategic management.

________ Is the Set of Planned Actions Taken by Managers