Asked by Tiffany McClendon on May 11, 2024
Verified
According to your textbook,what are the three types of corporate strategies?
A) liquidation,bankruptcy,and growth
B) mergers,acquisitions,and joint ventures
C) growth,restructuring,and stability
D) turnaround,bankruptcy,and divestiture
Corporate Strategies
The overarching plans and policies a business devises to achieve their goals, sustain competitive advantage, and ensure long-term success.
Liquidation
The process of converting assets into cash or other forms of payment, often in the context of dissolving a business.
Mergers
The process of combining two or more companies into a single entity to achieve strategic objectives.
- Distinguish and classify different business strategies and their objectives.
Verified Answer
VI
Veronica IsabelMay 18, 2024
Final Answer :
C
Explanation :
The three types of corporate strategies according to the textbook are growth, restructuring, and stability. Option A includes liquidation and bankruptcy, which are not strategies but rather ways to handle the failure of a company. Option B includes specific tactics within a corporate strategy, rather than broad categories of strategies. Option D includes similar tactics as option A, rather than comprehensive strategies.
Learning Objectives
- Distinguish and classify different business strategies and their objectives.