Question

Carrvour Inc. is a company that manufactures steel, cement, cars, and consumer electronics under a single brand. The top management at Carrvour has decided to enter the banking and insurance industry based on its assessment of the profit potential in that industry. Which of the following strategies does this best illustrate?

A) Divisional strategy
B) Functional strategy
C) Business strategy
D) Corporate strategy

Answer 1

D) Corporate strategy

Step-by-step explanation:

Corporate strategy is an strategic plan used to define the vision and direction of an organization, its goals and how they will be achieved. Is defined by highest manager hierarchically.

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