Which of the following steps, if taken by Walmart, would be characterized as a strategic, rather than tactical, action? a. Aggre

Question

3 years ago

13

Which of the following steps, if taken by Walmart, would be characterized as a strategic, rather than tactical, action? a. Aggre

ssively pricing school-related items in the back-to-school season b. Aggressively pricing toys and electronics during the holiday season c. Aggressive pricing to ensure it is a price leader d. Entering a new foreign market

Business

1 answer:

Aleksandr-060686 [28] · Answer 1 · 2022-04-25T21:38:31+03:00

Answer:

The answer is D.

Explanation:

Strategy is set of goals. Strategic action can be done but not quickly. Tactics are the specific actions one undertake to actualize the strategy.

Also, Strategy defines long-term goals and how you're planning to achieve them. Mission statement, vision statement are all part of a firm's strategy. For example, entering a new foreign market is a strategic action/plan. Tactics are specific and are short-term goals.