Functional-Area Strategies

question 56

Multiple Choice

Functional-area strategies

• A)concern the actions, approaches, and practices to be employed in managing particular functions within a business.
• B)specify what actions a company should take to resolve specific strategic issues and problems.
• C)are normally crafted by operating-level managers.
• D)are concerned with how to unify the firm's several different operating strategies into a cohesive whole.
• E)are normally crafted by the company's CEO and other senior executives.

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Definitions:

Conglomerates

Large corporations that own a collection of different companies across various industries.

Seasonal Nature

Describes fluctuations in business activity, revenue, or profits at certain times of the year due to seasonal factors such as holidays or weather changes.

Fiscal Year Ends

The completion of a one-year, or 12-month, accounting period after which a company determines its financial performance.

Net Income

Total earnings of a business, arrived at by subtracting all expenses and taxes from its overall income.