Question : Identify the concept in the following statement -
Pepsi and Sprite are competitors in the soft drink market if Pepsi reduces the price of its product then Sprite maintain it's market share.
Option 1: Single use plan
Option 2: Standing plan
Option 3: Objective
Option 4: Strategy
Answer (1)
19th Jan, 2024
Correct Answer:
Strategy
Solution :
Strategy is a comprehensive plan for accomplishing and organisation objectives. The important dimensions of strategy includes determining long term objectives, adopting a particular course of action and allocating resources to achieve objectives.
Hence option D is correct.
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