Each department of the company helps in achieving company goals is referred as?
Correct answer: C. Functional strategy
- A. Corporate strategy
- B. Competitive strategy
- C. Functional strategy
- D. Both a and b
Explanation
A functional strategy guides a particular department, such as marketing, finance, or HR, in contributing to the organization's overall goals. Corporate strategy covers the whole organization, while competitive strategy focuses on how a business competes in its market.
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About Principles of Management
Management principles explain how organisations set objectives and coordinate people and resources to achieve them. Coverage includes planning, organising, staffing, directing, coordinating and controlling, along with authority, responsibility, delegation, span of control and the levels of management. These functions are related but not interchangeable, especially planning and controlling.
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