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Management · Q238

Strategic Management

Graduate and Post Graduate · Management · question 238

Q238

_________ strategies are also known as grand or root strategies

A.
Corporate
Answer
B.
Business
C.
Functional
D.
Operational

Answer: Option A

Solution

Answer: Option A
Solution:
Corporate strategies are also known as grand or root strategies. A corporate strategy entails a clearly defined, long-term vision that organizations set, seeking to create corporate value and motivate the workforce to implement the proper actions to achieve customer satisfaction.