Which statement best differentiates corporate strategy from business strategy?

• A. Focuses on competitive positioning within a single industry
• B. Concerns portfolio and resource allocation across businesses
• C. Determines day-to-day operations in the value chain
• D. Sets product pricing strategies

Answer: (D)

Corporate strategy defines the scope of the whole firm—what businesses it owns, how resources are allocated across those businesses, and decisions about growth through diversification, acquisitions, or divestitures. That portfolio and resource‑allocation perspective across multiple businesses is what sets corporate strategy apart from strategy at the individual business level.

Within a single business, strategy focuses on competing in a specific market—how to position the product, what value to offer, and how to manage costs and pricing to win against rivals. So the statements about competing within an industry or about pricing and operating the value chain belong to business-level strategy or operations, not corporate strategy.