_____ is the idea and actions that explain how a firm will make its profits.
A) Strategy
B) Objective
C) Mission
D) Goal

Question

Quizplus · Accepted Answer

Strategy refers to a plan of action that outlines how a company will use its resources and capabilities to achieve its goals and make a profit. A firm's strategy typically includes decisions about its target market, product or service offerings, pricing, distribution channels, and competitive positioning. Objectives, mission, and goals are all related concepts but do not specifically address the idea and actions behind a firm's profitability strategy.

_____ Is the Idea and Actions That Explain How a Firm