5 Questions
What is the definition of corporate strategy?
Corporation’s overall direction management of its businesses corporation with its environment.
What is the role of business strategy?
Defines the long-range plan to compete in the marketplace, helps to differentiate the firm from competitors, and serves as the game plan upon which functional strategies are developed.
What is the definition of functional strategy?
Maximizes resource productivity.
What are order qualifiers?
They are the basic criteria that permit the firm's products to be considered as candidates for purchase by customers.
What are order winners?
They are the criteria that differentiate the products and services of one firm from another.
Test your knowledge of business strategy with this quiz! Learn about different types of strategies, including corporate strategy, business strategy, and functional strategy. Explore the definitions and understand how these strategies help organizations achieve their goals.
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