Animus Ltd is a mining company.Which of the following is an example of a decision relating to formulating Animus Ltd's corporate strategy?
A) Should Animus Ltd operate in the mining industry only,or to expand to heavy machinery manufacturing and distribution?
B) Should Animus Ltd compete based on price or product differentiation?
C) Should Animus Ltd hire a new financial controller?
D) Should Animus Ltd develop a new management accounting system?

Question

Quizplus · Accepted Answer

Formulating corporate strategy involves making decisions related to the scope of the business, including product lines, markets, and industries to operate in. Option A is the only choice related to the expansion of Animus Ltd's business scope. Choices B, C, and D are more tactical and operational decisions that do not address the formulation of corporate strategy.

Animus Ltd Is a Mining Company