Actions firms take to gain competitive advantages by operating in multiple markets or industries simultaneously are known as
A) corporate level strategies.
B) functional strategies.
C) business level strategies.
D) macro level strategies.

Question

Quizplus · Accepted Answer

Corporate level strategies involve actions taken by firms to gain competitive advantages by operating in multiple markets or industries simultaneously. Therefore, option A is the correct answer. Functional strategies are specific tactics used within a particular function, while business level strategies focus on how a business competes in a specific market. Macro level strategies are broader strategies used to adapt to changes in the external environment.

Actions Firms Take to Gain Competitive Advantages by Operating in Multiple