Functional strategies are those that are
A)implemented by each functional area of an organization to support the business strategy.
B)utilized by top management in developing the corporate structure and resource allocation of an organization.
C)typically developed and implemented organization-wide by the board of directors.
D)utilized as corporate benchmarks for evaluating corporate performance in relation to the organization's profitability.
E)used to evaluate the organization's market position with regard to its closest competitors.

Question

Quizplus · Accepted Answer

Functional strategies are specific actions taken by each functional area of an organization to support the overall business strategy. These strategies are focused on achieving the goals and objectives of each department, such as marketing, finance, operations, and human resources, and are aligned with the broader corporate strategy. This approach ensures that all parts of the organization are working together towards the same goals and objectives, and helps to achieve overall organizational success.

Functional Strategies Are Those That Are