Certified Production & Operations Manager (POM) Practice Exam

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Get ready for the Certified Production and Operations Manager Test. Study with multiple choice questions and flashcards. Receive hints and explanations for each question. Excel in your exam!

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What is a key characteristic of a firm's functional strategy?

It primarily addresses long-term business vision
It is usually a financial-centric plan
It must support the corporate strategy
It focuses exclusively on marketing efforts

The correct answer is: It must support the corporate strategy

A key characteristic of a firm's functional strategy is that it must support the corporate strategy. This alignment ensures that the functional areas, such as marketing, finance, operations, and human resources, work cohesively to achieve the overall objectives of the organization. By integrating functional strategies with the corporate strategy, a firm can ensure that every department contributes toward the same goals, thereby enhancing efficiency and effectiveness. Supporting the corporate strategy allows functional plans to be relevant and targeted, optimizing resource allocation and fostering synergy across various functions. This interdependence is essential for driving performance and achieving competitive advantage, as each functional strategy is developed in the context of the broader strategic framework established by the corporate strategy.