The difference between financial objectives and strategic objectives is financial objectives relate to the financial performance targets management has established for the organization to achieve, while strategie objectives relate to target outcomes that indicate a company is strengthening its market standing competitive position, and future business prospects. o financial objectives help answer the question "Where do we want to sor" and strategic objectives help answer the question "How are we going to get there?" O financial objectives need to be broken down into performance targets for each of the organization's separate businesses, product lines. functional departments, and individual work units, while strategic objectives are needed only in those areas directly related to a company's short-term and long-term profitability financial objectives determine the geographic and business scope of the company's operations while strategic objectives should be set in a manner that does not conflict with the performance targets of lower-level organizational units. What makes the marketplace a competitive battlefield? The race of industry members to build strong defenses against the industry's driving forces. The constant rivalry of firms to strengthen their standing with buyers and win a competitive edge over rivals. The ongoing efforts of industry members to introduce new and improved products/services at a faster rate than their rivals. The onsgins race among rivals to achieve the fastest rate of growth in revenues and profits. As general manager of a local restaurant chain, you have been asked to develop defensive moves to protect your company's market position and restrict any challenger's options for initiating a competitive attack. You would present all but ONE of the following strategic options to your executive team. Maintain a war chest of cash and/or marketable securities. Grant volume discounts or better financing terms to dealers/distributors and provide discount coupons to customers to help discourage them from frequenting other local restaurants Signal to challengers and new entrants in the local restaurant industry that retaliation is likely in the event they launch an attack hallenge struggling runner-up restaurants that are on the verge of going under