Which of the Following Statements Best Define Strategy

Multiple Choice

Which of the following statements best define strategy?

A) It describes how an organization can create value for its customers while differentiating itself from its competitors.
B) It is an organization's ability to achieve lower costs relative to competitors through productivity and efficiency improvements, elimination of waste, and tight cost control.
C) It is an organization's ability to offer products or services its customers perceive to be superior and unique relative to the products or services of its competitors.
D) It describes how an organization motivates its employees to work for more hours without any increase in their wages.