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Management · Q179

Strategic Management

Graduate and Post Graduate · Management · question 179

Q179

The means by which long term objectives will be achieved are

A.
mission statements
B.
strategies
Answer
C.
vision statements
D.
long term goals

Answer: Option B

Solution

Answer: Option B
Solution:
The means by which long term objectives will be achieved are strategies. Strategy determines the direction and scope of an organization over the long term, and they say that it should determine how resources should be configured to meet the needs of markets and stakeholders.