Final answer:
Multinational corporations are most likely to use corporate-level strategies. Hence, option 3) is the correct answer.
Step-by-step explanation:
Corporate-level strategies serve as pivotal tools predominantly wielded by multinational corporations, entities with expansive global operations extending across multiple countries. Renowned for their far-reaching geographic footprint, these corporations navigate complex international landscapes by implementing strategic initiatives that transcend individual business units. The essence of corporate-level strategies lies in their ability to orchestrate holistic approaches, often involving mergers and acquisitions, diversification, and global expansion, to fortify competitive advantages and foster sustained growth.
Multinational corporations, exemplified by industry giants like Coca-Cola and McDonald's, strategically leverage corporate-level strategies to navigate the intricacies of diverse markets. Mergers and acquisitions empower these corporations to consolidate industry influence, while diversification initiatives propel them into new and complementary markets, mitigating risks associated with overreliance on specific sectors.
Global expansion, a hallmark of corporate-level strategies, enables these entities to tap into untapped markets, adapt to cultural nuances, and optimize economies of scale. By deploying such strategies, multinational corporations position themselves to not only thrive in established markets but also to penetrate emerging economies, ensuring adaptability in a dynamic global business environment. Ultimately, corporate-level strategies function as indispensable instruments for multinational corporations seeking sustained relevance, adaptability, and competitive dominance on a worldwide scale.