The final part of the strategy-formulation process is choosing:
A) business-level strategies.
B) functional-level strategies.
C) corporate-level strategies.
D) functional-level goals.
E) business-level goals.

Question

Quizplus · Accepted Answer

The final part of the strategy-formulation process is corporate-level strategies. This is where the overall direction and scope of the organization are decided, which includes the selection of the markets and industries that the business will operate in, as well as the way it will compete in those markets. Business-level and functional-level strategies come after this step, as they are specific actions that support the chosen corporate-level strategy. Therefore, selecting a corporate-level strategy is the most important choice in the strategy-formulation process.

The Final Part of the Strategy-Formulation Process Is Choosing