Which of the Following Statements About Functional Strategies Is Best

question 31

Multiple Choice

Which of the following statements about functional strategies is best?

• A)Functional strategies determine the mission statement.
• B)Functional strategies determine the overall business strategy.
• C)Many functional level strategies could readily be described as cross-functional.
• D)A firm's operations and supply chain strategy is more important than their marketing, finance and engineering strategies.

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Definitions:

Mental Capacity to Contract

The ability of an individual to fully understand the terms and conditions of a contract to which they are a party, including the implications of entering the contract.

Nature and Effect

A term used to assess the inherent characteristics of something and its resulting consequences or impacts.

Good Faith Purchaser

A person who buys property without knowledge of any existing claims or defects in title, thus protected under the law.

Valuable Consideration

Any benefit, right, or interest that has tangible or intangible worth, which is provided by one party to another as part of a contract.