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Give the Meaning of 'Strategy as a Type of Plan. [ - CBSE (Commerce) Class 12 - Business Studies

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Question

Give the meaning of 'Strategy as a type of plan. [

Solution

A strategy provides the broad contours of a plan for achieving the objectives of an organisation. It includes determining long-term objectives, adopting the required course of action and allocating the necessary resources

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Solution Give the Meaning of 'Strategy as a Type of Plan. [ Concept: Concept of Planning.
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