Corporate Strategy Is Concerned with

question 73

Multiple Choice

Corporate strategy is concerned with

• A)Where a firm chooses to compete i.e., in which industries.
• B)How a firm chooses to compete in a specific industry.
• C)Why a firm chooses to compete or not.
• D)a and b.

---

Definitions:

Customer Segments

The division of a market into distinct groups of buyers based on different needs, characteristics, or behaviors.

Functional Groupings

the organization of objects, tasks, or responsibilities based on their purpose or similarity in function.

Staff Positions

Roles within an organization that support the line or primary activities, often involved in administrative, advisory, or strategic planning functions.

Authority

The power or right to give orders, make decisions, and enforce obedience within an organizational or societal structure.