Shaun, the regional head of a pharmaceutical company, prepares a presentation on how the firm will compete in the global market with its competitors.Shaun concludes that the firm will operate at its bestin an environment with relatively littleuncertainty and a high degree of stability.Which of the following strategies is being exemplified by the pharmaceutical company in this scenario?

Question

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The pharmaceutical company is exemplifying a business strategy by identifying the type of environment in which it can operate effectively in the global market. The other options do not fit the scenario described. Diversification strategy is about entering new markets or industries, turnaround strategy is about reversing decline in a company, functional strategy focuses on specific functional areas like marketing or operations, and growth strategy is about expanding the company's size and revenue.

Shaun, the Regional Head of a Pharmaceutical Company, Prepares a Presentation