Corporate-level strategies are strategies a firm uses to diversify its operations from a single business competing in a single market into several product markets and, most commonly, into several businesses. a. Falseb. True

Question

Bernard Morton

Business

30 January, 04:45

Corporate-level strategies are strategies a firm uses to diversify its operations from a single business competing in a single market into several product markets and, most commonly, into several businesses. a. Falseb. True

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Harrison Ashley · Answer 1

a. False

Explanation:

Corporate level strategies are undertaken by the top management formulating strategic business policies with a purpose of achievement of long term goals and objectives.

Such policies affect the organization as a whole. The purpose of corporate level strategies is to maximize profits over a period and ensure success.

Diversification strategy is aimed at adding operations to pre existing line of operations into different category of products and markets and explore new business ventures.

Hence, corporate level strategies are not limited to diversification strategy as the concept of corporate level strategy is much broader.