What kind of strategic decisions are taken by business organisations?
Answers
SOLUTION :
Kind of Strategic decisions taken by business organisations are :
(i) Whether the business should continue with existing product .
(ii) Make changes in the existing product.
(iii) Defer the product.
(iv) Launch new product .
(v) Enter the new market .
★★Strategy helps to define the organisations scope and direction the long run. strategy is formed on the basis of changes occurring in business environment.
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Answer:
✷different strategies are taken by the business to overcome the competition in the market and make their place stable.
✷Many business enterprise make various strategies to defeat their competitors and increase their sales as a result the profit also increases.
✷business organisation make various strategic plans like to increase its sales, production, demand i. market, etc
✷a business in a decides its plan after the consideration of its strength and drawbacks. Effects of strategic plans are seen in long term.
✷consistent decisions are to be taken for this plan. it means scope of decision is important in this plan.