Which of the following BEST describes a business strategy?
A) A strategy for determining the firm's overall attitude toward growth and the way it will manage its businesses or product lines
B) A strategy at the business unit or product line level that focuses on improving a firm's competitive position
C) A strategy by which managers in specific areas decide how best to achieve corporate goals through productivity
D) A strategy that assists first line managers in making day-to-day decisions about motivating employees
E) A strategy that integrates an organization's marketing goals into a cohesive whole by focusing on the ideal product mix to achieve maximum profit potential
Answer: B
Explanation: B) Further, a strategy outlines how the business intends to meet its goals and includes the organization's responsiveness to new challenges and new needs.
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