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
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.
Question : Identify the concept in the following statement The objective of a mobile company is to increase the mobile users by 20% in 1 year.
Question : Identify the statement given below. It provides a basis for interpreting strategy. They are the guidelines to managerial action.
Question : Which plan are formalted for the short period and involves budget programs and projects?
Question : Which plan is developed once and is modified from time to time to meet needs as required?
Question : Identify the concept in the below statement. They are enforced to maintain discipline and avoid disorder and chaos in the organisation.
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