When a corporation is involved in just one line of business, ________.
A) it does not need to formulate any strategies
B) its corporate-level and business-level strategies are one and the same
C) its corporate-level, business-level, and department-level strategies are one and the same
D) it must focus on being a low-cost leader and not go after a differentiation strategy

Question

Quizplus · Accepted Answer

When a corporation is involved in just one line of business, its corporate-level and business-level strategies are one and the same. This is because the corporation does not have to worry about coordinating different business units with different strategies, and can focus all its resources on excelling in its single line of business. However, the corporation still needs to formulate and execute a strategy to remain competitive and succeed in the market.

When a Corporation Is Involved in Just One Line of Business