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PLANNING — OCM STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceOCMPLANNING2 Marks
Question
What is the need of strategy?
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Answer

Strategy:
  • A plan of action designed to achieve a pre-decided long-term or overall aim is called a strategy.
  • Strategy formation helps the business unit to be capable enough to face the competition or to survive against the other factors.
  • Strategy should be kept confidential from the competitors.
  • A well-defined strategy can surely lead to success.

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