________ involves developing a game plan to guide a company as it strives to accomplish its mission, goals, and objectives to keep it on its desired course.
A)Competitive advantage
B)Mission
C)Strategic management
D)Market segmentation

Question

Quizplus · Accepted Answer

Strategic management involves developing a game plan to guide a company towards achieving its mission, goals, and objectives. This involves analyzing the company's current situation, identifying opportunities and threats in the market, and creating strategies to achieve the desired outcomes. Competitive advantage is a term used to describe a company's ability to outperform its competitors. Mission is the company's purpose and reason for existence. Market segmentation is the process of dividing a market into smaller groups based on similar characteristics.

________ Involves Developing a Game Plan to Guide a Company