Vidyalelo
Management · Q291

Strategic Management

Graduate and Post Graduate · Management · question 291

Q291

The business unit strategy has three major components:

A.
mission, business, and SBU goals
B.
marketing, advertising and pricing objectives
C.
mission, business unit goals, and competencies
Answer
D.
business mission, department mission, and daily plans

Answer: Option C

Solution

Answer: Option C
Solution:
The business unit strategy has three major components mission, business unit goals, and competencies. The major parts of a standard strategic plan include the following: Mission, vision, and aspirations, Core values, Strengths, weaknesses, opportunities, and threats, Objectives, strategies, and operational tactics, Measurements and funding streams.