Strategy Refers to

question 55

Multiple Choice

Strategy refers to

• A) an organization's long-term course of action designed to deliver a unique customer experience while achieving its goals.
• B) an organization's corporate tactical or action plan.
• C) statement of an accomplishment of a task to be achieved by a certain time.
• D) a statement of the organization's function in society, often identifying its customers, markets, product, and technologies.
• E) a road map for the entire organization for a specified future period of time, such as one or five years.

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Definitions:

Statistical Experiments

Designed investigations that manipulate variables to observe effects and establish cause-and-effect relationships in data.

Outcome

The result or consequence of an experiment, action, or occurrence.

Prior Probabilities

Initial estimates of the probabilities of events.

Probabilities

The assessment of the probability that a particular event will take place.