The Primary Operating Strategies Are Concerned With

question 8

Multiple Choice

The primary operating strategies are concerned with:

• A) what the firm's operating departments are doing and plan to do to unify the company's functional and business strategies.
• B) the specific plans for building competitive advantage in each major department and operating unit.
• C) how to manage initiatives of strategic significance within each functional area,and adding detail and completeness in ways that support functional strategies and the overall business strategy.
• D) how best to carry out the company's corporate strategy.
• E) how best to implement and execute the company's different business-level strategies.

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Definitions:

Sales Mix

The proportion of different products or services that make up a company's total sales.

Composite Mix

A method or strategy combining different products, services, or resources to achieve a desired outcome or performance in business.

Multiproduct Company

A business that produces and sells more than one type of product.

External Financial Reporting

The process of providing financial information to external users, such as investors or creditors, to help in decision-making.