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which of the following best summarizes the difference between corporate strategy and business strategy? a. corporate strategy deals with how to compete; business strategy deals with how to grow. b. corporate strategy deals with when to compete; business strategy deals with how to compete. c. corporate strategy deals with how to compete; business strategy deals with when to compete. d. corporate strategy deals with where to compete; business strategy deals with how to compete.

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tutorconsortium271

Business strategy addresses how to compete, while corporate strategy addresses where to compete.

Corporate strategy: What is it?

A well-defined corporate strategy will help to determine a company's total worth, develop strategic objectives, and inspire staff to meet them. It is a continuous process that requires careful customization in order to respond appropriately to changing market conditions.

What are the different corporate strategy types?

Stability, combining, retrenchment, & expansion strategy are the four categories. It differs from the corporate strategy because the latter revolves around and concentrates on a particular business unit. A corporation's up to the company with the goal of accomplishing company goals and gaining a competitive advantage are all included in its corporate strategy.

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