When Diversification Involves Additions of a Business Related to the Firm

question 49

Multiple Choice

When diversification involves additions of a business related to the firm in terms of technology,markets or products,it involves:

• A) Concentrated growth
• B) Horizontal integration
• C) Concentric diversification
• D) Vertical diversification

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Definitions:

Status Inconsistency

A situation where an individual's social position has elements that are ranked differently in terms of status.

Median

The middle value in a data set where half the numbers are higher and half are lower, or a central point or value.

Affluent Parents

Parents who possess a high level of wealth, facilitating an ability to provide ample resources for their children's upbringing and education.

Modern Potlatch

A contemporary interpretation of the traditional potlatch ceremony, often referring to excessive spending and consumption practices.