Which one of the following provides a framework for understanding diverse businesses and helps managers establish priorities for allocating resources?
A) a differentiation matrix
B) a competitive strategy
C) a corporate portfolio matrix
D) a business unit matrix

Question

Quizplus · Accepted Answer

A corporate portfolio matrix provides a framework for understanding diverse businesses and helps managers establish priorities for allocating resources. The matrix categorizes businesses based on their market share and market growth rate, which helps managers identify which businesses to invest in, maintain, or divest. A differentiation matrix is a tool used to evaluate the competitive advantage of a company's products or services. A competitive strategy is a plan that outlines how a company will compete in the market. A business unit matrix is a tool used to assess the strategic position of different business units within a company.

Which One of the Following Provides a Framework for Understanding