Which of the Following BEST Describes Functional Strategy

question 81

Multiple Choice

Which of the following BEST describes functional strategy?

• A) A strategy for determining the firm's overall attitude toward growth and the way it will manage its businesses or product lines
• B) A strategy at the business-unit or product-line level that focuses on improving a firm's competitive position
• C) A strategy by which managers in specific areas decide how best to achieve corporate goals through productivity
• D) A strategy that assists first line managers in making day-to-day decisions about motivating employees
• E) A strategy that integrates an organization's marketing goals into a cohesive whole by focusing on the ideal product mix to achieve maximum profit potential

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Definitions:

Equation of Exchange

An economic identity that represents the relationship between the money supply, its velocity, the price level, and the number of transactions conducted, often formulated as MV = PQ.

Identity

The characteristics, attributes, or qualities that make a person or thing unique and distinguishable from others.

Nominal GDP

The value of the final goods and services produced in a given year valued at that year’s prices.

Velocity of Money

The speed at which currency is transferred from one deal to another and the frequency of usage of a currency unit within a specific timeframe.