What is it called when an organization develops objectives,plans,and courses of action concerning how it will operate to gain competitive advantage?

A) goal setting
B) competitive scope
C) strategy
D) organizational planning

This is the definition of strategy, which involves the development of objectives, plans, and courses of action to gain a competitive advantage.

Answer: A, D are not correct. "Goal setting" only refers to the process of identifying specific objectives to be achieved, while "organizational planning" is a broader term that encompasses various types of planning (e.g. financial, operational, contingency) and does not necessarily focus on gaining competitive advantage.

Answer: B is not a complete answer, as "competitive scope" refers to the range of markets or products a company will compete in, but does not necessarily involve the development of objectives or action plans.