Question No 2:
What is Strategy in business?
A course of action, including the specification of resources required, to achieve a spe cific objective. Business strategy therefore is concerned with the overall management of an organisation and includes the management of and taking decisions about:
a) P roducts
b) Markets
c) Locations (production and sales)
d) Structure
e) Personnel
f) B uildings and machinery
g) How to compete
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