This plan provides the broad contours of an organisation’s business:
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → Strategy
Option (1) Policy — Incorrect. A policy is a general statement that guides decisions in one area, such as recruitment or pricing. It is narrower than the whole business.
Option (2) Strategy — Correct. A strategy gives the broad outline of the whole business: its direction and scope in the long run. It is a comprehensive plan for reaching the objectives, and it takes the business environment into account.
Option (3) Method — Incorrect. A method is the prescribed way of doing one task, such as a training method. It is the narrowest of these plans.
Option (4) Rule — Incorrect. A rule states what must or must not be done in one situation, with no flexibility.
NCERT (2026-27 Edition): “Strategy A strategy provides the broad contours of an organisation’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 objectives. …” |
Note: The same/similar question has been asked in different years by NTA as per the details given below:
| 2026 | 2025 | 2024 | 2023 | 2022 |
| 07-06 S2 | – | – | 12-06 S3 | – |