10 Questions
What is the primary focus of corporate-level strategies?
Managing multiple lines of business
At which level of strategy development does planning for multiple lines of business occur?
Corporate level
What is the main objective of business-level strategies?
Managing one line of business
What is the primary focus of functional-level strategies?
Developing plans for individual business functions
How many levels of strategy development are there in an organisation?
Three
What does PESTEL stand for?
Political, Economic, Social, Technological, Environmental, and Legal
Which of the following is NOT a component of PESTEL analysis?
Operational
What is the main purpose of conducting a PESTEL analysis?
To identify and analyze the macro-environmental factors that impact an organization
Which PESTEL component examines government regulations and policies?
Political
What is the benefit of conducting a PESTEL analysis?
It helps in identifying and mitigating external risks and threats
Test your knowledge of business management strategies at the corporate, business, and functional levels. Identify the correct description of corporate-level strategies in an organization.
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