Loganfield Papers Generates 80% of Its Revenues from Its Extensive

question 40

True/False

Loganfield Papers generates 80% of its revenues from its extensive line of papers for watercolor artists. The remaining 20% of its revenues come from a line of specialty papers it sells to printers of greeting cards. This company is using the unrelated diversification multiproduct strategy.

---

Definitions:

Concrete Operational

A stage in Piaget's theory of cognitive development during which children gain the ability to think logically about concrete events.

Counted

The act of determining the total number of items or individuals in a set or group.

Blocks

In cognitive and developmental psychology, refers to mental or physical obstacles that hinder progress or understanding.

Formal Operational Stage

The fourth and final stage of Jean Piaget's theory of cognitive development, characterized by the ability to think abstractly, logically, and systematically.