BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Answer: Product market is not considered as a functional strategy.

Detailed explanation-2: -Solution(By Examveda Team) Product-market is one of the following would not be considered a functional strategy. A product market refers to a place where goods and services are bought and sold.

Detailed explanation-3: -A functional strategy is the approach a business functional takes to achieve corporate and business unit objectives and strategies by maximizing resource productivity. It deals with a relatively restricted plan that provides the objectives for a specific business function.

Detailed explanation-4: -Most common functional strategies used in management are: financial strategy, marketing strategy, production strategy, human resources strategy (personnel strategy) and research and development strategy.

Detailed explanation-5: -Functional Strategy Example Marketing strategy involves decisions related to pricing, selling, advertising and distributing a product. The aim could be to increase market share, venture into newer markets, penetrate existing markets, launch new products or deal with distributors/ competitors.