The Difference Between a Corporate Strategy and a Functional Strategy

question 30

Multiple Choice

The difference between a corporate strategy and a functional strategy is that:

• A)the former focuses on how a strategic business unit will compete in its product domain and the latter sets long-term direction for the total enterprise.
• B)the former sets long-term direction for the total enterprise and the latter guides activities within one specific area of operations.
• C)the former is concerned with formulating and implementing strategies while the latter is involved in crafting strategies to guide the allocation of resources.
• D)the former adopts standardized products and advertising for use worldwide and the latter seeks efficiencies of global operations with attention to local markets.
• E)the former adopts standardized products and advertising for use worldwide and the latter customizes products and advertising to best fit local needs.

Grasp the significance of ethical business practices in global markets.

Recognize the importance of customization and invention in global product strategies.

Understand the concept of economic infrastructure and its impact on global market entry.

Be able to identify and describe the essential factors in performing a cross-cultural analysis.

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Definitions:

Parts Per Trillion

A unit of measurement used to denote extremely small concentrations of a substance in another, equivalent to one part in 10^12 parts.

Nuclear Change

Alterations at the atomic nucleus level, including nuclear reactions such as fission, fusion, and radioactive decay, releasing significant amounts of energy.

Mass

Mass is a fundamental property of physical objects that quantifies the amount of matter they contain. It is a determinant of an object's resistance to acceleration when a force is applied.

Nuclear Reactor

A facility constructed to initiate and control a sustained nuclear chain reaction, used either to generate electricity or produce radioactive isotopes.