The Main Difference Between Corporate Level Strategy and Business Level

question 8

Multiple Choice

The main difference between corporate level strategy and business level strategy is:

• A)Corporate strategy defines the scope of a firm's activities,while business strategy focuses on how to beat the competition in specific product markets
• B)Corporate strategy defines a firm's overall structure,while business strategy describes its actions
• C)Corporate strategy comprises the overall strategic plan,while business strategy focuses on implementing that strategy in each product market
• D)Corporate level strategy is concerned with long term goals,while business level strategy focuses on short term competitiveness

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Definitions:

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a given period of time.

Income

The total money received by an individual or household from various sources like wages, investments, and benefits, over a specific period.

Utility Function

A mathematical representation that describes how the total utility of a consumer depends on the consumption of various goods and services.

Budget Line

A visual depiction of every potential pair of two products a consumer is able to buy based on their earnings and the costs of these items.