A Strategy Sets Out the Objectives of the Business

question 6

True/False

A strategy sets out the objectives of the business

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Definitions:

Strategy

A plan of action designed to achieve a long-term or overall aim.

Cultural Issues

Challenges and considerations that arise in workplaces or societies from differences in traditions, practices, languages, and values among people.

Ethical Issues

Dilemmas involving principles of right and wrong that govern the conduct of individuals and organizations.

Global Environment

Refers to the international context in which businesses operate, encompassing economic, political, social, and technological factors across borders.