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Question : A company wants to introduce a new product. What type of plan should it prepare?

Option 1: Objective 

Option 2: Strategy 

Option 3: Policy 

Option 4: None of these 


Team Careers360 12th Jan, 2024
Answer (1)
Team Careers360 19th Jan, 2024

Correct Answer: Strategy 


Solution : Strategy formulation is the task of top level people and it is must to scan and understand clearly the business environment before framing the strategy. Strategy defines the future decision regarding the organisation direction and scope in the long run. Strategy directs future direction making and scope in long run.
Hence, option 2 is the correct answer.

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