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Management · Q69

Strategic Management

Graduate and Post Graduate · Management · question 69

Q69

Which type of strategies are of particular importance to global companies?

A.
Corporate
B.
Functional
C.
Competitive
D.
Corporate and competitive
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
Corporate and competitive type of strategies are of particular importance to global companies. Competitive or business strategy defines for a given business the basis on which it will compete. Corporate strategy is typically decided in the context of defining the company's mission and vision, that is, saying what the company does, why it exists, and what it is intended to become.