Question: 52. In the current business environment, companies cannot survive without a long-term strategy. What exactly should an effective strategy include? A. A set of policies,

52. In the current business environment, companies cannot survive without a long-term strategy. What exactly should an effective strategy include? A. A set of policies, procedures, and approaches to business that will result in long-term success. B. A focus on accurate financial data, thus allowing the firm to effectively compete in any environment. C. A focus on long-term nonfinancial information that will provide the company with versatile management techniques capable of being used in a wide variety of situations. D. A clear, concise mission statement, naming every product and outlining the company's long- term goals of success
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