The Key Difference Between Vision and Strategy Is That the Vision

question 21

Multiple Choice

The key difference between vision and strategy is that the vision

• A) provides operational guidelines; strategy sets general priorities
• B) provides the map; strategy sets the priorities
• C) sets general priorities; strategy presents specific actions
• D) provides broad direction; strategy sets general priorities

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Definitions:

Revenue

The income that a business receives from its normal business activities, usually from the sale of goods and services to customers.

Costs Of Production

The total expenses incurred in manufacturing a product or delivering a service.

Venture Capital Funds

Pools of capital that are used to invest in high-growth, high-potential startup companies in exchange for equity stakes.

Risk

The possibility of loss or adverse outcomes resulting from external events or actions.