What do you mean by Corporate Level Strategy. Also explain three basic questions Corporate Level Strategy should be able to answer.

Corporate level strategy fundamentally is concerned with selection of businesses in which a company should compete and with the development and coordination of that portfolio of businesses. Corporate level strategy should be able to answer three basic questions: Suitability Whether the strategy would work for the accomplishment of common objective of the company. Feasibility Determines the kind and number of resources required to formulate and implement the strategy. Acceptability It is concerned with the stakeholders' satisfaction and can be financial and non-financial.