Planning · Class 12 · CBSE · Commerce Business Studies
A smartphone company decides to enter tier-2 towns by selling affordable phones through online platforms and establishing local service centres. This…
Practice question from Planning (Class 12 · CBSE · Commerce Business Studies), with the correct answer and a step-by-step solution.
medium · MCQ · Q-04777E
A smartphone company decides to enter tier-2 towns by selling affordable phones through online platforms and establishing local service centres. This comprehensive plan to achieve its objectives is an example of a:
- A.Policy
- B.Procedure
- C.Budget
- D.StrategyCorrect answer
Solution
A strategy is a comprehensive plan formulated to achieve organisational objectives by considering the business environment and available resources. The company’s market-entry and competitive approach is therefore a strategy.
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