In a Bid to Expand Its Business and Build a National

question 37

Multiple Choice

In a bid to expand its business and build a national brand, Omega Inc. has acquired several competing outlets in different locations. All the outlets are responsible for the production of smaller components. Omega believes that having a larger enterprise that can offer a full portfolio of products, it can gain an edge over smaller rivals when selling to other companies. Which of the following strategies has Omega Inc. most likely used?

• A) Chaining
• B) Franchising
• C) Horizontal merger
• D) Niche strategy
• E) Divestment strategy

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Definitions:

Sample Mean

The average of a set of numerical values.

Control Limits

Statistical boundaries set in control charts that are used in process control to detect times when a process is out of control or behaving anomalously.

Standard Errors

The standard deviation of the sampling distribution of a statistic, typically the mean.

Control Chart

A control chart is a statistical tool used to monitor, control, and improve process performance over time by identifying sources of variation.