In a large company,a strategy that sets the long-term direction for the entire company is called a __________ strategy.
A) corporate
B) senior level
C) functional
D) board

Question

Quizplus · Accepted Answer

A corporate strategy is a high-level plan developed by top management that outlines how the company will achieve its overall long-term goals and objectives. It sets the directional course for the entire organization and determines where to invest resources to achieve maximum returns. The other options, senior level, functional, and board, do not accurately describe a strategy that sets the long-term direction for the entire company.

In a Large Company,a Strategy That Sets the Long-Term Direction