The idea and actions that explain how an entrepreneur will make his/he

1.	The idea and actions that explain how an entrepreneur will make his/her venture profitable and impactful is commonly referred to as1. Mission2. Goal3. Strategy4. Objective
Answer» Correct Answer - Option 3 : Strategy The correct answer is Strategy. The strategy entails specifying the organization‘s mission, vision, and objectives; developing policies and plans to execute the vision; and allocating resources to implement those policies and plans. Strategy is largely about using internal assets to create a value-added proposition. This helps to capture opportunities in the competitive environment while avoiding threats. In the context of management, a mission is a quest, a journey to a destination in which the whole organization is engaged. The mission statement tells what the goal of the company is and where is it going. Goals are outcome statements that define what an organization is trying to accomplish, both programmatically and organizationally. Objectives are the goals, aims, or purposes that organizations wish to achieve over varying periods of time

The idea and actions that explain how an entrepreneur will make his/her venture profitable and impactful is commonly referred to as1. Mission2. Goal3. Strategy4. Objective

Answer» Correct Answer - Option 3 : Strategy

The correct answer is Strategy.

The strategy entails specifying the organization‘s mission, vision, and objectives; developing policies and plans to execute the vision; and allocating resources to implement those policies and plans.
- Strategy is largely about using internal assets to create a value-added proposition.
- This helps to capture opportunities in the competitive environment while avoiding threats.

In the context of management, a mission is a quest, a journey to a destination in which the whole organization is engaged.
- The mission statement tells what the goal of the company is and where is it going.
Goals are outcome statements that define what an organization is trying to accomplish, both programmatically and organizationally.
Objectives are the goals, aims, or purposes that organizations wish to achieve over varying periods of time