A strategy used to add new businesses that produce unrelated products or are involved in unrelated markets and activities is called a ________ strategy.
A) concentration
B) vertical integration
C) concentric diversification
D) conglomerate diversification
E) differentiation
D) conglomerate diversification
Explanation: In contrast to concentric diversification, conglomerate diversification is a corporate strategy that involves expansion into unrelated businesses. Typically, companies pursue a conglomerate diversification strategy to minimize risks due to market fluctuations in one industry.
You might also like to view...
As a general rule, a salesperson should ask for the sale no more than three times
Indicate whether the statement is true or false
In preparing a bank reconciliation, the amount of an error indicating the recording of a check in the journal for an amount larger than the amount of the check is added to the balance per company's records
Indicate whether the statement is true or false
What should you do when preparing physically for an interview?
What will be an ideal response?
Beth and Jon both work at TynsCorp. Beth just gave birth to a baby, while Jon and his wife just adopted a child. Under the Family and Medical Leave Act, Beth is eligible for 12 workweeks of unpaid leave, but Jon is not.
Answer the following statement true (T) or false (F)