Which of the following statements is/are true about business level strategies for organizations involved in multiple businesses?
I. The focus is on determining the best ways of operating a business.
II. They attempt to find out means to achieve a competitive advantage.
III. They are developed by the top management.
IV. They respond appropriately to the changing environment.
[A]Only (I) above
[B]Both (I) and (III) above
[C]Both (II) and (IV) above
[D](I), (II) and (IV) above
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