Question

14. Which of the following defines what
business or businesses the firm is in or should
be in?
a. Business strategy
b. Corporate strategy
c. Functional strategy
d. National strategy

Answer 1

Answer:

The correct answer to this question is Corporate strategy.

Explanation:

Given - Business or businesses the firm.

To Find - Choose the correct option.

Corporate strategy defines what business or businesses the firm is in or should be in.

A corporate strategy is a special long-term plan or framework that is created with the goal of gaining a competitive advantage over other market participants while delivering on both stakeholder and customer/client promises.

Four major types of corporate-level strategy exist combination strategy, retrenchment strategy, expansion strategy, and stability strategy. The corporate level generic strategies relate to determining the business activities that the corporation will undertake.

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