Functional Strategies Are Those

question 59

Multiple Choice

Functional strategies are those

• A)implemented by each functional area of the organization to support the business strategy.
• B)utilized by top management in developing the corporate structure and resource allocation of the organization.
• C)strategies voted on by the Board of Directors.
• D)strategies that function as corporate benchmarks for evaluating corporate performance.
• E)strategies used to evaluate competitors.

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Definitions:

Purpose

The reason for which something is done or created, or for which something exists.

Customized Solution

A tailored answer or product designed to meet the specific needs of an individual or organization.

Tailor

To customize or adjust something to suit specific needs, preferences, or requirements.

Strategic Customer Relationship

A formal relationship between the seller and customer with the purpose of being in joint pursuit of mutual goals.