A company's ________ strategy identifies the portfolio of businesses that comprise a firm and the ways in which these businesses relate to each other.

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The corporate-level strategy is focused on defining the portfolio of businesses that a company operates and the relationship between these businesses. It involves decisions related to which businesses to acquire, divest or maintain, and how to allocate resources across the portfolio to maximize overall performance. Functional, business unit, and competitive strategies are concerned with specific aspects of a company's operations, whereas departmental strategies are focused on individual departments within the company.

A Company's ________ Strategy Identifies the Portfolio of Businesses That