Select the incorrect statement regarding Business Strategy/Corporate Strategy:

CS Executive · Financial and Strategic Management · PYQS · June 2021
Select the incorrect statement regarding Business Strategy/Corporate Strategy:
(A) Business Strategy can be viewed as the strategy designed by the business managers to improvise the overall performance of the firm
(B) Corporate Strategy is the one expressed in the mission statement of the company, which describes the business type and ultimate goal of the organization
(C) The nature of business strategy is executive and governing, whereas the corporate strategy is deterministic and legislative
(D) Business strategy is a long term strategy; corporate strategy is a short term one

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Strategic Management

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