What Are the Three Main Types of Corporate Strategies

question 8

Multiple Choice

What are the three main types of corporate strategies?

• A) stability, focus, and turnaround
• B) growth, stability, and renewal
• C) growth, cost leadership, and differentiation
• D) stability, differentiation, and focus

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Definitions:

Permanently Replaced Strikers

Workers who go on strike and are then permanently replaced by the employer, a situation possible under certain labor laws, notably in the United States.

Hot Cargo Agreements

Agreements between labor unions and employers that prohibit the employer from handling, using, or dealing with goods produced by a company targeted by a union boycott.

Monopolies

Market structures in which a single seller dominates trade in a good or service, often leading to reduced competition and higher prices.

Sole Bargaining Agent

The exclusive union designated to represent and negotiate on behalf of all employees in a bargaining unit, regardless of union membership.