Which Type of Strategy States the Methods That a Division

question 89

Multiple Choice

Which type of strategy states the methods that a division within an organization will use to compete against its rivals in the industry?

• A)Functional-level strategy
• B)Departmental-level strategy
• C)Corporate-level strategy
• D)Business-level strategy
• E)Top-level strategy

---

Definitions:

External Administration

External administration pertains to a process where an external person or entity is appointed to investigate, manage, and potentially restructure a financially distressed company's affairs to recover debts.

Corporation Act

Legislation governing the legal formation, operation, and regulation of companies.

Members' Voluntary Winding Up

A process in corporate law where the shareholders of a solvent company decide to put the company into liquidation and distribute its assets.

Declaration of Solvency

A statement made by the directors of a company declaring that they have assessed the company's financial situation and believe it can meet its financial obligations for the foreseeable future.