The Primary Distinction Between Corporate Strategy and Business Strategy Is

question 7

Multiple Choice

The primary distinction between corporate strategy and business strategy is:

• A)Corporate strategy is the responsibility of the CEO; business strategy is formulated by the heads of business units
• B)Corporate strategy is concerned with where the firm competes; business strategy with how it competes
• C)Corporate strategy is concerned with establishing competitive advantage; business strategy with strategy implementation in individual businesses
• D)Corporate strategy is concerned with the long-term performance of the firm; business strategy with resource deployment.

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Definitions:

Domestic Price

The price of goods or services within a country's borders, distinct from international or foreign prices.

World Price

The global market price of a good or service, influenced by worldwide demand and supply.

Tariff

A tax imposed by a government on goods and services imported from other countries, often used to protect domestic industries from foreign competition.

Producer Surplus

The difference between the amount producers are willing to accept for a good or service and the actual amount they receive, reflecting profits.