The Difference Between a Corporate Strategy and a Functional Strategy

Multiple Choice

The difference between a corporate strategy and a functional strategy is that:

A) the former focuses on how a strategic business unit will compete in its product domain and the latter sets long-term direction for the total enterprise.
B) the former sets long-term direction for the total enterprise and the latter guides activities within one specific area of operations.
C) the former is concerned with formulating and implementing strategies while the latter is involved in crafting strategies to guide the allocation of resources.
D) the former adopts standardized products and advertising for use worldwide and the latter seeks efficiencies of global operations with attention to local markets.
E) the former makes decisions regarding facilities locations, and new technologies and the latter customizes products and advertising to best fit local needs.