Question

In the hierarchy of strategies, _____ strategy defines the businesses in which a company will compete, preferably in a manner that utilizes resources to convert distinctive competence into competitive advantage.a.functionalb.corporatec.business-leveld.Producte.divisional

Answer 1

The correct answer is B

Step-by-step explanation:

Corporate strategy is the strategy or the tool which is used as the hierarchically, the strategic plan which is highest of the company, and it also describe the overall objectives and the directions as well as the way or method in which the goals to be accomplished within the activities of the strategic management.

This strategy is for long term and also states the vision of the direction of the firm or business.

So, the corporate strategy is the one which the business uses in order to complete and utilize the resources.