Which of the following best describes a corporate level strategy?

• A. It focuses on daily operational decisions within departments.
• B. It addresses human resources and production decisions.
• C. It is concerned with how a company competes within a specific industry.
• D. It involves overall plans and actions taken by top management for the entire organization.

Corporate level strategies are mainly concerned with the day-to-day operations of departments.

What is the main focus of business level strategies?

• A. Allocating resources among different departments.
• B. Determining the scope and direction of the company.
• C. Managing the organization’s finances and operations.
• D. Creating competitive advantage in a specific industry or market.

Business level strategies help companies create competitive advantages within specific industries.

Which level of strategy involves decisions taken at the departmental or functional level of an organization?

• A. Corporate level strategy
• B. Business level strategy
• C. Functional level strategy
• D. Operational level strategy

A stability strategy is used when a company wants to grow and expand into new markets.

Which of the following is NOT one of the four types of corporate level strategies?

• A. Stability Strategy
• B. Expansion Strategy
• C. Competitive Advantage Strategy
• D. Reduction / Turnaround Strategy

Business level strategies must align with the company’s overall corporate strategy.

A stability strategy is most suitable when a company:

• A. Is facing significant financial losses.
• B. Plans to merge with another firm.
• C. Wants to explore new markets aggressively.
• D. Seeks to preserve its current business operations without major changes.

The top of the strategy pyramid represents the functional level strategy.

Related diversification strategy involves entering new business related to the company's existing products, technologies or markets.

Corporate level strategies focus on overall organizational movement, while business level strategies focus on outwitting competitors.

What type of strategy involve selling off land and buildings to raise needed cash and reducing the number of employees.

• Divesture strategy
• Retrenchment Strategy
• Liquidation strategy

Liquidation is the extreme of the reduction / turnaround strategy which selling all of the company asset.

A combination strategy refers to an approach a company combines different functional level strategies within its overall corporate strategy.

Reducing the numbers of employees and closing obsolate factories are in retrenchment strategy

Liquidation strategy is NOT extreme of the reduction