Which of the following statements about functional strategies is best?
A)Functional strategies determine the mission statement.
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

Functional strategies are specific strategies that are meant to achieve the overall business strategy. These strategies are specific to each function within a company, such as marketing, operations, finance, etc. Many of these strategies could readily be described as cross-functional, as they often overlap and involve collaboration between different functions. Options A and B are incorrect because functional strategies are not at the level of mission statement or overall business strategy. Option D is incorrect because all functional strategies are important and necessary for the success of a company, and it is not appropriate to compare their importance.

Which of the Following Statements About Functional Strategies Is Best