Carrvour Inc. is a company that manufactures steel, cement, cars, and consumer electronics under a single brand. The top management at Carrvour has decided to enter the banking and insurance industry based on its assessment of the profit potential in that industry. Which of the following strategies does this best illustrate?

A) Divisional strategy

B) Functional strategy

C) Business strategy

D) Corporate strategy

Question

Maurice

Business

23 February, 06:49

Carrvour Inc. is a company that manufactures steel, cement, cars, and consumer electronics under a single brand. The top management at Carrvour has decided to enter the banking and insurance industry based on its assessment of the profit potential in that industry. Which of the following strategies does this best illustrate?

A) Divisional strategy

B) Functional strategy

C) Business strategy

D) Corporate strategy

+1

Answers (1)

Know the Answer?

Sanaa Rosario · Answer 1

D) Corporate strategy

Explanation:

Corporate strategy is an strategic plan used to define the vision and direction of an organization, its goals and how they will be achieved. Is defined by highest manager hierarchically.

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