The main difference between corporate level strategy and business level strategy is:
A)Corporate strategy defines the scope of a firm's activities,while business strategy focuses on how to beat the competition in specific product markets
B)Corporate strategy defines a firm's overall structure,while business strategy describes its actions
C)Corporate strategy comprises the overall strategic plan,while business strategy focuses on implementing that strategy in each product market
D)Corporate level strategy is concerned with long term goals,while business level strategy focuses on short term competitiveness

Question

Quizplus · Accepted Answer

Corporate level strategy is focused on defining the scope of a company's activities, including which businesses and markets it will operate in. Business level strategy, on the other hand, is concerned with how to compete effectively within a specific product market. Therefore, A is the best choice as it accurately describes the main difference between the two strategies.

The Main Difference Between Corporate Level Strategy and Business Level