When a Company Decides to Expand into New Industries, It

question 41

Multiple Choice

When a company decides to expand into new industries, it must:

• A) develop a "multibusiness model" that justifies its entry into different businesses.
• B) halt marketing activities in the current industry to avoid being associated with one specific industry.
• C) select a new CEO and reappoint the board of directors.
• D) create one common business model for all the industries rather than each business unit.
• E) avoid talking about ways of increasing profitability in the business model.

---

Definitions:

Confidence Interval Estimate

A range of values derived from sample statistics that is likely to contain the value of an unknown population parameter, with a specified level of confidence.

Average Age

The mean age of a group of individuals, calculated by summing their ages and dividing by the number of individuals.

Male Employees

Refers to workers or staff members within an organization who are identified as male.

Female Employees

The segment of the workforce that identifies as female, often analyzed in studies regarding workplace diversity and equality.