A business strategy __________. answer explains why an organization exists is an organizational strength or ability, developed over a long period, that customers find valuable and competitors find difficult or even impossible to copy translates into specific actions for functional areas such as marketing, human resources, and finance identifies a firm's targeted customers and sets time frames and performance objectives for the business

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29-08-2018
Business

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A business strategy __________. answer explains why an organization exists is an organizational strength or ability, developed over a long period, that customers find valuable and competitors find difficult or even impossible to copy translates into specific actions for functional areas such as marketing, human resources, and finance identifies a firm's targeted customers and sets time frames and performance objectives for the business

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ahmedishaal ahmedishaal · Answer 1 · 2018-09-10T07:20:05+02:00

A business strategy "identifies a firm's targeted customers and sets time frames and performance objectives for the business".

A business strategy is the methods by which it embarks to accomplish its coveted finishes (targets). It can essentially be portrayed as a long haul business arranging. Regularly a business methodology will cover a time of around 3-5 years (sometimes considerably more).

A business strategy is concerned about significant asset issues e.g. raising the finance to fabricate another industrial facility or plant. Strategies are likewise concerned about settling on what items to assign real assets to.