Question

In business strategies, _____________ strategy defines the businesses in which a company will compete, preferably in a manner that utilizes resources to convert distinctive competence into competitive advantage1. Functional2. Corporate3. Business level4. Product5. Divisional

Answer 1

Answer:

The correct answer is: 1. Functional.

Explanation:

A functional strategy is one that requires the HOW? Do, operate, function, that is, after delimiting the corporate strategy that specifies what to do ?, the functional strategy, indicates how to apply and use resources to achieve what you want to achieve.

A functional area of the company adopts this type of strategy to achieve the objectives embodied in the strategy of the corporation, maximizing the resources available and their productivity. In addition, it seeks the care and development of functional and operational capacity in order to achieve a competitive advantage to the company.

These strategies generate a frame of reference used by the administration of operations and functions to support the organizational and business strategy.

Answer 2

Answer:

2) Corporate

Explanation:

A corporate business strategy defines which types of businesses or markets will the corporation compete in, basically what business units or divisions will the corporation have. The corporate strategy is the highest level strategy that the corporation must follow. Once it is defined, the business strategy for each division or unit is developed. E.g. Apple's corporate strategy defines that it will compete in consumer electronics, computer software, and online services.