A long-term plan of action that is created by a business organization to achieve a certain goal is called: A. business strategy.
A business strategy refers to a set of guiding principles, actions, policies, and decisions that a business organization strategically combines, so as to sucessfully achieve its goals, objectives, attract potential customers and possess a competitive advantage over its rivals in the industry.
Ths ultimately implies that, a business strategy is a long-term plan of action that is created by a business organization to achieve a certain goal.
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