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Commerce · Q565

Costing

Graduate and Post Graduate · Commerce · question 565

Q565

Plan of action; how an organization meets its opportunities and capabilities is classified as

A.
action plan
B.
strategy
Answer
C.
step wise plan
D.
complex plan

Answer: Option B

Solution

Answer: Option B
Solution:
Plan of action; how an organization meets its opportunities and capabilities is classified as strategy. Strategy is a high level plan to achieve one or more goals under conditions of uncertainty.