The concept of strategy in business has been borrowed from ________.

military science

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sports

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political science

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both (a) and (b)

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Solution

The correct option is B both (a) and (b)
The concept of strategy is borrowed from military and sports. Enterprises need business strategies for much the same reasons that armies need military strategies. Sports manager also make assessment of the 'battlefield' earlier. Business, military and sports strategy share a number of common concepts and principles, the most basic being the distinction between strategy and tactics.

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Mr. X has borrowed a sum of Rs 10,000 from Mr. Y who has a business of selling pulses. Which of the following is correct?

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