Question

encompasses a firm’s administrative actions with the aim to achieve their objectives.

• A. Civil strategy
• B. Community strategy
• C. Corporate strategy
• D. Company strategy

Answer 1

The correct option is C Corporate strategy

Corporate strategy refers to the long-term plan of the comapany to achieve its goals. It allocates its resources in accordance with its objectives. The corporates also allocate a small part of their financial resources for Corporate Social Responsibility (CSR). It emphasises on the notion that a business has a social obligation above and beyond making a profit. It is a commitment by the firm to behave ethically and respect people, communities, and the natural environment.