Question 1 A strategy can be best defined as an effective us

Question 1 A strategy can be best defined as: an effective use of the organization\'s resources. O a plan for using a firm\'s resources to achieve sustainable goals within a competitive environment. O a clear and detailed statement of an organization\'s mission and vision O a plan developing a firm\'s mission and vision statements.

Solution

The correct choice is : - A plan for using a firm\'s resources to achieve sustainable goals within a competitive environment.

Explanation : - Strategy can be defined as a unified comprehensive plan that tries to match the resources of the organization with the challenges of the environment in order to achieve the goals and objectives of the organization.