………...is a comprehensive plan for achieving its objectives.

The correct answer is option 1 i.e. Strategy.

A strategy provides the broad contours of an organization’s business. It will also refer to future decisions defining the organisations' direction and scope in the long run. Thus, we can say a strategy is a comprehensive plan for accomplishing an organisation's objectives. This comprehensive plan will include three dimensions-
(i) determining long-term objectives
(ii) adopting a particular course of action,
(iii) allocating resources necessary to achieve the objective.