A strategy is a(n)

A) set of opportunities in the marketplace.
B) broad statement of purpose.
C) simulation used to test various product line options.
D) plan for cost reduction.
E) action plan to achieve the mission.

Strategy

A plan of action designed to achieve a major or overall aim, often involving the allocation of resources and consideration of competitors.

Action Plan

A detailed outline of the tasks, resources, and timelines necessary to achieve specific goals or objectives.

Marketplace

A platform or an environment where buyers and sellers interact to trade goods, services, or information, either physically or online.