A plan that indicates in which industries and national markets an organization intends to compete is known as:
A)corporate-level strategy
B)business-level plan
C)corporate-level plan
D)business-level strategy
E)functional-level plan

Question

Quizplus · Accepted Answer

A corporate-level strategy is concerned with the overall scope of an organization, including in which industries and national markets it will compete. This plan sets the direction for the entire organization and guides decisions about resource allocation and business-level strategies. Business-level plans and strategies focus on how a particular business unit or product line will compete within its chosen industry or market. Functional-level plans are more specific and focus on the actions and activities of individual departments or functions within the organization.

A Plan That Indicates in Which Industries and National Markets