Asked by Anthony Marrietta on Sep 28, 2024

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The primary purpose of a business strategy is to ________.

A) advance the firm's vision and objectives
B) oversee the firm's core competencies
C) establish an international brand
D) eliminate competing companies

Business Strategy

A plan of action designed to achieve a long-term or overall aim within the business.

Firm's Vision

A forward-looking statement that defines what a company aims to achieve in the long-term, guiding its strategic planning and decision making.

International Brand

A brand that is recognized and available in multiple countries across the world, often associated with consistent quality and experience.

  • Assess the role and impact of a comprehensive marketing strategy on achieving a firm's goals and objectives.
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Tushar Setia1 day ago
Final Answer :
A
Explanation :
The primary purpose of a business strategy is to advance the firm's vision and objectives, which involves setting goals and developing plans to achieve them. While overseeing core competencies can be a part of this, it is not the primary purpose. Establishing an international brand and eliminating competing companies are not necessarily part of a business strategy, but may be outcomes of successful implementation of the strategy.