Question

When company managers formulate strategy decisions resulting from their internal analysis, they are primarily making decisions about how to:_______
a. obtain and allocate critical and scarce resources.
b. reduce costs in their industry.
c. minimize foreign corporate income taxes.
d. grow their company at any cost.

Answer 1

When company managers formulate strategy decisions resulting from their internal analysis, they are primarily making decisions about how to obtain and allocate critical and scarce resources.

What is business strategy?

Business strategies are actions created to run and conduct operations, so that the business can grow. They are ways developed by business to create values.

It also involves looking for places in the market, gaining new customers as well as keeping existing customers happy, being able to compete in their field, and achieving goals.

Importance of strategies as it relate to a business are:

1. It helps define a business hence gives set of values and purpose.
2. It helps a business understand what success actually looks like.
3. It provides a roadmap for our business,

Learn more about business strategies here: brainly.com/question/8192142

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