In Terms of Strategy Making, What Is the Difference Between

question 95

Multiple Choice

In terms of strategy making, what is the difference between a one-business company and a diversified company?

• A) The first uses a business-level strategy, while the second uses a set of business strategies and a corporate strategy.
• B) The first uses a business-level strategy, while the second uses a corporate-wide strategy.
• C) The first uses an operating strategy, while the second uses a business-line strategy.
• D) The first uses a functional strategy, while the second uses a business-line strategy.
• E) The first uses a single-line strategy, while the second uses a multi-line strategy.

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Definitions:

Specified Prices

Prices that are explicitly set out, defined, or agreed upon in a contract or agreement.

Contractual Liability

The liability that individuals or entities have to one another as a result of entering into an agreement.

Common Law

A system of law based on precedent and customs rather than statutory laws.

Gap-Filling Rules

Provisions in law that allow courts or parties to fill in missing terms in a contract.