Final answer:
A functional strategy may indeed include competitive or cooperative strategies as part of a company's approach to achieving goals within specific business functions.
Step-by-step explanation:
True, a functional strategy may include competitive or cooperative strategies. In the context of business, a functional strategy refers to the approach a company takes in order to achieve its goals within a particular function, like marketing, operations, finance, or R&D. Competitive strategies may include initiatives to outperform rivals through superior product quality, cost leadership, or niche market targeting. On the other hand, cooperative strategies might involve partnerships, alliances, or joint ventures with other companies to leverage resources and capitalize on mutual strengths. The underlying idea is to increase the business's competitive advantage in the market. Therefore, a functional strategy could be directed towards competing more effectively or cooperating with others to enhance performance.