Question

In a diversified firm, corporate-level strategy is concerned with a. coordinating the vision and mission of each subsidiary firm. b. operating each individual business under the corporate umbrella. c. determining how each functional department of the firm will operate. d. determining in which businesses to compete and how resources will be allocated between businesses.

Answer 1

Answer:

d. determining in which businesses to compete and how resources will be allocated between businesses.

Explanation:

Corporate level strategy is basically the highest management strategy, it basically targets to identify the areas to perform best and the areas where it shall excel in order to stand different in the market and gain maximum customer share.

This basically helps in determining the most profitable businesses and the best strategies to achieve those targets and perform well in those competitions.

Therefore, the chosen statement d provides the best about the role of corporate level strategy.