Show This preview shows page 1 - 3 out of 3 pages. 13) Which of the following statements is true! A) Corporatemission is shaped by functional strategies B) Corporatestrategy is shaped by functional strategies C) Functionalstrategies are shaped by corporate strategy. D) Externalconditions are shaped by corporate mission E) Functionalarea missions are merged to become the organizationalmission 14) A strategy is a(n): A) set of opportunities in themarketplace. B) broad statement of purpose. C) simulationused to test various product line options D) plan for costreduction E) action plan to achieve the mission. 15) Theability of an organization to produce goods or services thathave some uniqueness in their characteristics is: A) massproduction B) time-based competition. C) competing onproductivity. D) competing on quality. E) competing on Upload your study docs or become a Course Hero member to access this document End of preview. Want to read all 3 pages? Upload your study docs or become a Course Hero member to access this document D) broad product line✔E) mass production15) A firm can effectively use its operations function to yield competitive advantagethrough all of the following EXCEPT:A) customization of the product.B) setting equipment utilization goals below the industry average.C) speed of delivery.D) constant innovation of new products.E) maintaining a variety of product options.✔ 16) The ability of an organization to produce goods or services that have some uniquenessin their characteristics is:✔ Get answer to your question and much more 17) Which of the following statements best characterizes delivery reliability?✔ Get answer to your question and much more 18) Which of the following is an example of competing on the basis of differentiation?✔ Get answer to your question and much more Recommended textbook solutions
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Is corporate strategy shaped by functional strategies?Functional strategies are developed after the completion of corporate strategy. These two strategies are connected, but corporate strategy shapes the functional strategy. Therefore, corporate strategy gets the support of functional strategy for its accomplishment, but it is not shaped by the functional strategies.
What is a corporate functional strategy?A functional strategy is the approach a business functional takes to achieve corporate and business unit objectives and strategies by maximizing resource productivity. It deals with a relatively restricted plan that provides the objectives for a specific business function.
Which of the following is true about business strategy?The answer is (C). Well defined missions make strategy development much easier. A business strategy refers to the actions and choices a business takes to accomplish its business objectives and to be competitive in its industry.
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Which of the following statements is true corporate mission is shaped by functional strategies?
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