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
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.
