Defining a company's domain for activity by selecting business areas in which the company will compete is called _____.

Question

Quizplus · Accepted Answer

Corporate-level strategy formulation involves defining the scope of the business, including the selection of business areas in which the company will compete. This includes decisions about diversification, acquisitions, and new ventures, setting the overall direction and goals at the highest level of the organization.

Defining a Company's Domain for Activity by Selecting Business Areas