Which of the Following Statements Best Define Strategy

question 79

Multiple Choice

Which of the following statements best define strategy?

• A) It describes how an organization can create value for its customers while differentiating itself from its competitors.
• B) It is an organization's ability to achieve lower costs relative to competitors through productivity and efficiency improvements, elimination of waste, and tight cost control.
• C) It is an organization's ability to offer products or services its customers perceive to be superior and unique relative to the products or services of its competitors.
• D) It describes how an organization motivates its employees to work for more hours without any increase in their wages.

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Definitions:

Objective Eligibility Criteria

The predefined and transparent standards used to determine an individual's or entity's qualification for a program or benefit.

Public Assistance

Government-provided support aimed at individuals or households with inadequate or no income.

Social Insurance

A government-sponsored program aimed at providing financial assistance to individuals in events of unemployment, disability, or old age.

National-Average Poverty Rates

The proportion of the population that lives below the poverty line, averaged across a nation, indicating the level of economic hardship and inequality.