Business Strategy, as Distinct from Corporate Strategy, Is Chiefly Concerned

question 3

Multiple Choice

Business strategy, as distinct from corporate strategy, is chiefly concerned with

• A)deciding what new businesses to enter, which existing businesses to get out of, and which existing business to remain in.
• B)deciding how to build competitive advantage and improve performance in a particular line of business.
• C)making sure the strategic intent of a particular business is in step with the company's overall strategic intent and strategy.
• D)coordinating the competitive approaches of a company's different business units.
• E)what business model to employ in each of the company's different businesses.

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Definitions:

Consumer Sovereignty

The determination by consumers of the types and quantities of goods and services that will be produced with the scarce resources of the economy; consumers’ direction of production through their dollar votes.

Legislation

Laws or legal statutes passed by a legislative body, governing body, or the process of enacting laws.

Market System

An economic system in which decisions regarding investment, production, and distribution are guided by the price signals created by the forces of supply and demand.

Private Ownership

The holding of property by non-governmental legal entities or individuals, allowing control and use of the property according to the owner's preferences.