Ask Question
BusinessBusiness
10 July, 12:11

SynVens, a major retail chain in Hungary, is planning to diversify. It plans to enter the Textiles industry and aims to be first or second in market share in this industry in five years. Which of the following levels of plan does this strategy fall under?

+3
Answers (1)
  1. 10 July, 12:15
    0
    Answer: Corporate - Level Plan

    Explanation: Corporate level planning entails reviewing the current strategy of a business in order to determine the company's long term goals. This is done by senior management, the owners of the company and its shareholders. Because this plan looks at the business as a whole, encompssing all of its departments and divisions, this plan also confirms in which markets the business can enter in and why. In this case SynVens aims to be the first or second in market share in the textile company within 5 years. This is the goal set by the business's highest management in accordance with their corporate level plan fo the future of the business.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “SynVens, a major retail chain in Hungary, is planning to diversify. It plans to enter the Textiles industry and aims to be first or second ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What is the primary goal of financial management for a sole proprietorship? maximize net income given the current resources of the firm decrease long-term debt to reduce the risk to the owner minimize the tax impact on the proprietor maximize the
Answers (1)
Executives with a particular mix of skills and experiences may be classified as an executive type and paired with a specific personal characteristic a specific corporate strategy a specific experience background a certain educational background
Answers (1)
Explain what is meant by business and financial risk
Answers (1)
Shuster's lease of retail premises from Thurgood requires Shuster to pay certain fees, subject to the landlord's proof of the correct amount. Thurgood overcharges Shuster for the fees, without explanation.
Answers (1)
Which of the project evaluation approaches described in Project Management in Practice do you believe is best for your project, and which would be least effective, and why?
Answers (1)
New Questions in Business
Technician a says that a brake spoon is used to adjust brake shoes when the drum is installed. technician b says that a brake hold-down spring tool is used to remove and install hold-down springs. who is correct?
Answers (1)
Last week john got a call from his contact eric at alpine telecomm in switzerland, one of his company's largest international customers.
Answers (1)
John works for Kinjo's Printing Services during the day and Joe's Diner at night. This is a conflict of interest. a. True b. False
Answers (1)
The simple interest 500,000 amount to 630,000. what is the percentage rate?
Answers (1)
East Corp., a calendar-year company, had sufficient retained earnings in 20X3 as a basis for dividends, but was temporarily short of cash.
Answers (1)
Home » Business » SynVens, a major retail chain in Hungary, is planning to diversify. It plans to enter the Textiles industry and aims to be first or second in market share in this industry in five years.
Sign Up Forgot Password?