BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Business strategies are concerned with the broad and more long-term choices of “what business(es) are we in or do we want to be in, and what do we want to do with these businesses?”
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True
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False
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Explanation:
Detailed explanation-1: -Corporate strategy is the broadest level of strategy, and is concerned with decisions about growing, maintaining, or shrinking very large companies.
Detailed explanation-2: -Corporate level strategy The corporate-level strategy is at the top of the planning pyramid. It is concerned with the destination towards which your business is moving.
Detailed explanation-3: -A business strategy refers to all the decisions taken, and actions undertaken by a business for achieving the larger vision. Knowing what business strategy is and how to execute it properly can help businesses become market leaders in their domain.
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