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Which of the following statements about a company's strategy is true?

A company's strategy is typically a blend of proactive and reactive strategy elements.

Mimicking the strategies of successful industry rivals$--$with either copycat product offerings or maneuvers to stake out the same market position$--$is one of the most reliable and time efficient ways to craft a profitable strategy.

A company's strategy is developed mostly on the fly because of ongoing managerial actions to experiment with innovative ways to keep the company's product offering fresh and appealing to buyers.

A company's strategy is typically planned well in advance and usually deviates little from the planned set of actions and business approaches.

A company's strategy generally

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