A $\_\_\_\_\_\_\_\_\_\_$ is an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage.

goal

strategy

tactic

mission For a diversified firm, corporate$-$level strategy is concerned with:

operating each individual business under the corporate umbrella.

determining how each functional department of the firm will operate.

determining the businesses in which the company intends to compete as well as how to manage its different businesses.

coordinating the vision and mission of each subsidiary firm.A business$-$level strategy describes:

the businesses in which the company intends to compete.

all policies and procedures used in functional departments.

the actions a firm takes to exploit its competitive advantage over rivals.

a firm's resources, intent, and mission.