Question

Which of the following BEST describes business strategy? a strategy that assists first-line managers in making day-to-day decisions about motivating employees a strategy that integrates an organization's marketing goals into a cohesive whole by focusing on the ideal product mix to achieve maximum profit potential a strategy by which managers in specific areas decide how best to achieve corporate goals through productivity a strategy for determining the firm's overall attitude toward growth and the way it will manage its businesses or product lines a strategy at the business-unit or product-line level that focuses on improving a firm's competitive position

Answer 1

Answer:

A strategy at the business unit or product line level that focuses on improving a firm's competitive position.

Explanation:

Business strategy can be defined as a tool used by organisations to achieve their objectives and goals. A business strategy outlines the various actions that should be carried out by an organisation inorder to attract more customers and gain a high rank among competitors in the market.

A good business strategy helps the employees to identify their various weakpoints, the areas that they are not putting enough efforts. This helps to increase productivity which would lead to the growth of the company.