Corporate strategy is concerned with 'where' a firm competes (in which industries it competes), while business strategy is concerned with 'how' a firm competes in a specific industry.

Question

Quizplus · Accepted Answer

This statement accurately defines the difference between corporate strategy and business strategy. Corporate strategy involves making decisions about which industries a firm should operate in, while business strategy involves determining how a firm can gain a competitive advantage within a specific industry.

Corporate Strategy Is Concerned with 'Where' a Firm Competes (In