Which of the following best describes the meaning of 'competitive strategy'?

Group of answer choices

Competitive strategy is a set of action plans a firm uses to achieve their annual plan.

Competitive strategy describes how a firm intends to grow and achieve the number one position in their industry.

Competitive strategy is a set of choices a firm makes about how they intend to compete and succeed in a specific competitive market.

Competitive strategy refers to decisions a firm makes about allocating resources across their different business units.