Which of the Following Options Best Defines the Term 'Strategic

question 4

Multiple Choice

Which of the following options best defines the term 'strategic business unit'?

• A) A business unit which is distinguishable from other business units because it serves a defined external market in which management can conduct strategic planning in relation to products and markets
• B) A functional area of a business, for example production, distribution or administration
• C) A part of a business concerned with just one product or one market
• D) A division of a large firm that operates in a manner very similar to other units within the firm, thus creating internal competition

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Definitions:

Company-Specific Human Capital

The unique skills, knowledge, and experience possessed by an individual that are particularly valuable to their employer and not easily transferable to other organizations.

Global Human Capital

The skills, knowledge, and experience possessed by individuals worldwide that can be used for economic benefits and business success on a global scale.

Regional Human Capital

The collective skills, knowledge, and experience possessed by an area's workforce, which contributes to its economic development.

Power Distance

The degree to which subordinates in an organization accept that power is distributed unequally.