Asked by Yanique Dayle on May 09, 2024
Verified
Corporate strategies focus on one line of business: building a strong competitive position.
Corporate Strategies
Strategic approaches and plans developed by a company to achieve its long-term objectives and maintain competitive advantage.
Competitive Position
A company's market standing in comparison to its competitors, typically gauged by its market share, profitability, and brand strength.
- Master the understanding of strategic management and its various components.
Verified Answer
YP
Yolanda PadillaMay 16, 2024
Final Answer :
False
Explanation :
Corporate strategies focus on how to allocate resources, manage risk, and create value across multiple lines of business, rather than just building a strong competitive position in one specific line of business.
Learning Objectives
- Master the understanding of strategic management and its various components.
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