How Do Corporate Level Strategy and Business Level Strategy Differ

question 66

Multiple Choice

How do corporate level strategy and business level strategy differ?

• A)Corporate strategy defines the scope of a firm's activities, while business strategy focuses on how to beat the competition in a specific product market
• B)Corporate strategy defines the scope of a firm's structure, while business strategy emphasizes the relationship of each business with its environment (state, regulators, etc.)
• C)Corporate strategy focuses on the overall strategic plan, while business strategy focuses on implementing strategic decisions in each product market
• D)Corporate level strategy is concerned with long term goals, while business level strategy focuses on short term sustainability

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Definitions:

Ritual

A set sequence of activities involving gestures, words, and objects performed in a prescribed way, often for religious or cultural purposes.

Acculturation

The process through which individuals or groups from one culture come to adopt the practices and values of another, often as a result of prolonged contact.

Multicultural

Pertaining to or involving the presence and interaction of several distinct cultural or ethnic groups within a society.

Melting-Pot

A metaphor for a society where many different types of people blend together as one.