Question:
A ___ is a special kind of plan formulated to meet the challenges of the policies of the competitors.
A ___ is a special kind of plan formulated to meet the challenges of the policies of the competitors.
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Remember: A \textbf{strategy} deals with long-term planning and competition, unlike routine procedures or rules.
Updated On: Jan 14, 2026
- Procedure
- Strategy
- Rule
- Programme
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The Correct Option is B
Solution and Explanation
A Strategy is a comprehensive plan of action designed to achieve specific long-term goals and to respond effectively to external challenges, including competitors' actions. It is a high-level plan that considers resource allocation, market positioning, and critical decision-making under uncertain conditions.
Explanation of Other Options:
Explanation of Other Options:
- (A) Procedure: A routine or standard method for performing tasks, not necessarily tailored to competition.
- (C) Rule: A specific guideline that must be followed, without flexibility.
- (D) Programme: A coordinated set of activities or plans, but not specifically targeted toward competitive strategy.
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