Question

What kind of strategic decisions are taken by business organisations?

Options

• Deciding about which line of business should be taken.

• Whether a new line of production should be adopted or not.

• What position should the company aim for in the existing market.

• All of the above

Answer 1

All of the above

Explanation -

A business organisation should be aware of the following strategic decisions.

1. Making a decision regarding which line of business to pursue.
2. Whether or not a new production line should be implemented.
3. Where should the organisation strive to be in the current market?
4. What pricing policy should be implemented?
5. Advertising policy and cost decisions.