CA Inter P6 · Chapter 10 · Question 2 of 10
Which level of strategy deals with the question 'What businesses should we be in, and how should resources be allocated among them?'
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Corporate-level strategy
Explanation
Corporate-level strategy is set by top management for the organisation as a whole. It decides the portfolio of businesses, diversification and allocation of resources across them. Business-level strategy is about how to compete within a particular business. Functional strategy supports these through areas such as marketing, finance and HR.
More Introduction to Strategic Management MCQs
- Q4Which of the following best describes the difference between a vision and a mission?
- Q5Which of the following is NOT usually regarded as an element of strategic intent?
- Q6Which sequence correctly shows the stages of the strategic management process?
- Q7Which of the following is a recognised limitation of strategic management?
- Q8The objective 'increase the share of exports in revenue from 18% to 30% within three years' is a good example of an objective because it is: