Which of the following is the BEST example of a business strategy? A leading greeting card manufacturer states in its annual report that it wants to reduces CO2 emissions in its paper mills by 10 percent as part of its mission to be socially responsible. A leading greeting card manufacturer develops a plan to grow its overall business by offering franchise opportunities. A leading greeting card manufacturer develops a plan to explain how it will expand its own product lines to compete with its biggest rival. A leading greeting card manufacturer increases its marketing reach using a plan to make the most of every marketing dollar it spends.

Question

Which of the following is the BEST example of a business strategy? A leading greeting card manufacturer states in its annual report that it wants to reduces CO2 emissions in its paper mills by 10 percent as part of its mission to be socially responsible. A leading greeting card manufacturer develops a plan to grow its overall business by offering franchise opportunities. A leading greeting card manufacturer develops a plan to explain how it will expand its own product lines to compete with its biggest rival. A leading greeting card manufacturer increases its marketing reach using a plan to make the most of every marketing dollar it spends.

Answer 1

The BEST example of a business strategy among the options provided is:**A leading greeting card manufacturer develops a plan to grow its overall business by offering franchise opportunities.**This option represents a clear and actionable plan to expand the business, which is a fundamental aspect of a business strategy. The other options, while important, are more focused on social responsibility, product line expansion, and marketing efficiency, which are components or outcomes of a broader business strategy but do not constitute a strategy in themselves.

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