In a Diversified Company, the Strategy-Making Hierarchy Consists of

question 45

Multiple Choice

In a diversified company, the strategy-making hierarchy consists of

• A)corporate strategy and a group of business strategies (one for each line of business the corporation has diversified into).
• B)corporate or managerial strategy, a set of business strategies, and divisional strategies within each business.
• C)business strategies, functional strategies, and operating strategies.
• D)corporate strategy, business strategies, functional strategies, and operating strategies.
• E)its diversification strategy, its line of business strategies, and its operating strategies.

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Definitions:

Expected Revenue

The anticipated amount of money a business expects to receive over a certain period based on projected sales volumes and prices.

Probability Distribution

A representation of the likelihood of different outcomes in an experiment.

Foreclosed

A legal process in which a lender takes control of a property after the owner fails to make mortgage payments, leading to the loss of the property by the owner.

Vickrey Auction

An auction in which bids are submitted secretly, with the item being awarded to the top bidder who then pays the amount bid by the second-highest bidder.