Corporate strategy Multiple Choice

determines balanced scorecard financial and strategic objectives.

should be based on a flexible strategic vision and mission.

is subject to being changed much less frequently than either a company's objectives or its mission statement.

is primarily concerned with strengthening a company's market position and building competitive advantage.

ensures consistency in strategic approach among businesses of a diversified, multibusiness corporation.

Ensures consistency in strategic approach among businesses of a diversified, multibusiness corporation.

Explanation: Corporate strategy is a long term clearly defined Objective plan of a Corporation. It is the highest level of strategy in an organization upon which all other strategies are planned.

Corporate strategy is built based on the goals and targets of a Corporate Organisation considering the prevailing economic or market conditions.

It can be classified into Growth strategy which focuses on the growth plan of the Corporate Organisation, Renewal strategy which focuses on the plan to renew an organization from a falling state and Stability Strategy which focuses on the strategic plan to stabilize the Corporate Organisation.

The correct answer is letter "E": ensures consistency in strategic approach among businesses of a diversified, multibusiness corporation.

Explanation:

Corporate strategy is the overall plan large firms have in regards to what they will do to overturn competition and allocate their resources efficiently to improve their competitive advantage. The Corporate strategy sets the plans the corporation wants to achieve and the steps that will be necessary to reach those objectives.

Counting on a detailed plan also allows firms to ensure their consistency, moreover for entities that are part of a diversified corporation such as multinationals.