Asked by Julia Herbst on May 14, 2024

verifed

Verified

__________ focuses on the strategic question: In what industries and markets should we compete?

A) Competitive strategy
B) Environmental strategy
C) Corporate strategy
D) Capital strategy
E) Business strategy

Corporate Strategy

The overall plan or direction that a company adopts in order to achieve its long-term goals and objectives.

Competitive Strategy

A plan to achieve a competitive advantage in the market, often by distinguishing one's products or services from those of competitors.

Industries and Markets

Sectors of the economy and the competitive environments in which businesses operate.

  • Understand the significance of various strategic levels in a corporation, including corporate, business, and functional.
verifed

Verified Answer

CC
Courtney CallahanMay 21, 2024
Final Answer :
C
Explanation :
Corporate strategy is concerned with the overall scope and direction of a corporation and the way in which its various business operations work together to achieve particular goals. This includes decisions about which industries and markets the corporation should compete in.