company's overall strategySelect one: A$.$ should be based on a flexible strategic vision and strategic intent. $.$determines whether its strategic intent is proactive or reactive.is customarily reviewed and approved level$-$by$-$level by the company board of directors.is really a collection of strategic initiatives and actions devised by managers and key employees up and down the whole organizational hierarchy. E$.$ is subject to being changed much less frequently than either its objectives or its mission statement and thus serves as the base of its strategy$-$making pyramid.