Which of the Following Best Describes a Functional Strategy

question 171

Multiple Choice

Which of the following best describes a 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:

Consumer Capitalism

An economic system characterized by the creation and promotion of consumer demand for goods and services as a primary means of economic growth and social status attainment.

Hyperconsumption

Describes an excessive and unsustainable level of consumption that surpasses what is necessary for a comfortable lifestyle, often driven by consumerism and materialism.

Alienation

A condition in social relationships reflected by a decrease in the sense of personal identification with the products of one's work or disenchantment with societal norms.

Mode of Production

describes the varied ways that societies gather or produce the means of their subsistence, focusing on the combination of productive forces and relations of production.