How would you explain the difference between a one-business company and a diversified company?
A)The first uses a business-level strategy, while the second uses a set of business strategies and a corporate strategy.
B)The first uses a business-level strategy, while the second uses a corporate-wide strategy.
C)The first uses an operating strategy, while the second uses a business-line strategy.
D)The first uses a functional strategy, while the second uses a business-line strategy.
E)The first uses a single-line strategy, while the second uses a multiline strategy.

Question

Quizplus · Accepted Answer

A one-business company focuses on a single line of business and thus primarily employs a business-level strategy to compete within its specific market. In contrast, a diversified company operates in multiple lines of business, requiring it to use a combination of business strategies for each unit and a corporate strategy to manage and synergize across these different units.

How Would You Explain the Difference Between a One-Business Company