Question

The distribution department at Golden Grains Wheat Company has decided to adopt the FIFO (first in, first out) method of inventory to dispatch its bags of wheat. Which of the following strategies does this scenario best illustrate?
A. corporate strategy
B. functional strategy
C. master strategy
D. business strategy

Answer 1

Answer:

Option B "functional strategy " is the correct option.

Explanation:

• A functional approach or strategy is necessarily connected to operations and maintenance-level decision-making, also recognized as tactical changes.
• Those same tactical decisions were mostly applied to different operational departments such as business, research as well as development, human resources, warehousing, logistic support, amongst others.

And therefore this strategy demonstrates best the specific situation.