A(n) _____ strategy is a broad corporate-level strategic plan used to achieve strategic goals and guide the strategic alternatives that managers of individual businesses or subunits may use.

Question

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A grand strategy is a broad framework used by a company to achieve its strategic objectives. It provides direction to the different businesses or subunits within the company and guides their decision-making processes. Other options such as regulation, utilitarian, or distributive strategies are more specific and may not have the same level of overarching direction as a grand strategy. The industry strategy may be a valid option, but it is still more specific to a particular industry rather than the overall corporate-level strategy.

A(n) _____ Strategy Is a Broad Corporate-Level Strategic Plan Used