Corporate-level strategy is best described as: In what ways does the availabilit

Question

Corporate-level strategy is best described as:

In what ways does the availability of tangible and intangible resources affect a firm's ability to create value through diversification?

a. strategies firms implement to gain a competitive advantage by selecting and managing a single business competing in several product markets. b. actions a firm takes to gain a competitive advantage by selecting and managing a group of different businesses competing in different product markets. c. actions a firm takes to gain a competitive advantage by selecting and managing one business competing in a single product market. d. strategies firms implement to gain competitive advantage by selecting and managing a group of businesses competing in a single product market.

In what ways does the availability of tangible and intangible resources affect a firm's ability to create value through diversification?

a. A resource has abundance and valuableness b. A resource is difficult to imitate and has abundance c. A resource has rarity and valuableness d. A resource is difficult to substitute and has abundance

Explanation / Answer

1. Corporate-level strategy is best described as (b) actions a firm takes to gain a competitive advantage by selecting and managing a group of different businesses competing in different product markets.

Diversification strategy is the key criteria used at the corporate level to create the worth for a collection of businesses that exceeds the value potential of the individual businesses under different ownership

2. The correct answer is (b) A resource is difficult to imitate and has abundance   

Resources that are difficult for competitors to understand and imitate provides a competitive advantage to the business over its rivals.

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