Managers Use Corporate-Level Strategy to Identify Which Industries a Company

question 54

True/False

Managers use corporate-level strategy to identify which industries a company should compete in to maximize long-run profitability.

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Definitions:

Sole Proprietorship

Business ownership in which there is no legal distinction between the sole proprietor’s status as an individual and his or her status as a business owner.

Partnership

A legal business structure where two or more individuals agree to share the profits and losses of a business.

Corporation

Legal organization with assets and liabilities separate from those of its owner(s).

Franchise

A licensing agreement where a franchisor allows a franchisee to use its brand, products, and operating methods.