____ strategies deal with how the firm manages each of its major functions such as marketing or human resources.
A) Corporate
B) Business
C) Functional
D) Growth
E) Differentiation

Question

Quizplus · Accepted Answer

Functional strategies deal with how a company manages its major functions such as marketing, finance, operations, and human resources. These strategies are focused on optimizing each function's performance to improve the overall effectiveness and competitiveness of the company. Corporate strategies focus on the company's overall direction and portfolio of businesses, while business strategies determine how the company should compete in each of its markets. Growth and differentiation strategies are types of business-level strategies.

____ Strategies Deal with How the Firm Manages Each of Its