Final answer:
The levels of strategy in a business are corporate, business unit, and functional strategies. These levels range from overarching corporate concerns to specific departmental plans, all of which align to achieve the company's overall objectives. Therefore, the correct option is 3.
Step-by-step explanation:
Strategy in a business context is about planning and executing to achieve objectives. The levels of strategy encompass a range of objectives and actions from broad to specific. There are primarily three recognized levels:
Corporate Strategy - This level pertains to the overarching concerns of an organization as a whole. It addresses decisions that affect the entire enterprise, such as which markets to compete in and what kind of business the company will be.
Functional Strategy - The most specific level, functional strategy involves individual departments within a business, such as marketing strategy, operations strategy, and finance strategy. These strategies have to align with higher-level strategies for cohesive organizational action.
Discussions around strategy often start by identifying the problem and developing a plan to solve it, which can involve the structural organization of teams, resources, and objectives. Each level of business strategy is crucial for ensuring that the overall aims of the company are achieved effectively.