The Primary Role of a Functional Strategy Is to

question 35

Multiple Choice

The primary role of a functional strategy is to

• A)unify the company's various operating-level strategies.
• B)specify how to build and strengthen the skills, expertise, and competencies needed to execute operating-level strategies successfully.
• C)support and add power to the corporate-level strategy.
• D)create compatible degrees of strategic intent among a company's different business functions.
• E)determine how to support particular activities in ways that support the overall business strategy and competitive approach.

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Definitions:

Increasing Opportunity Costs

A principle stating that as the production of a good increases, the opportunity cost of producing an additional unit of this good also increases.

Bowed-Out Shape

Describes a concave production possibilities frontier that reflects increasing opportunity costs as production of one good is increased.

Attainable And Unattainable

Describes whether a certain state or outcome can be achieved with the available resources (attainable) or not (unattainable), often used in the context of production and economics.

Prices Of Commodities

The current market values assigned to raw or primary products.