A strategy that sets the long-term direction for an organization as a whole is called a __________.
A) corporate strategy
B) financial strategy
C) functional strategy
D) business strategy

Question

Quizplus · Accepted Answer

Corporate strategy is focused on the overall direction of an organization and how it will achieve its goals and objectives. Financial strategy is more focused on managing finances. Functional strategy applies to specific departments or functions within an organization. Business strategy is more narrowly focused on a specific product, market, or business unit within an organization.

A Strategy That Sets the Long-Term Direction for an Organization