Which of the following statements about functional strategies is best?
A) Functional strategies are not impacted by the mission statement; instead they are impacted by the overall business strategy.
B) Functional strategies determine the overall business strategy.
C) Many functional level strategies could readily be described as cross-functional.
D) A firm's operations and supply chain strategy is more important than their marketing, finance and engineering strategies.

Question

Quizplus · Accepted Answer

Many functional level strategies, such as supply chain management, involve coordination between multiple functions within a business and could be described as cross-functional. A and B are incorrect because functional strategies are influenced by both the overall business strategy and the firm's mission statement. D is incorrect because while operations and supply chain management are important, all functional areas are crucial for a business to succeed.

Which of the Following Statements About Functional Strategies Is Best