"The Last Three Years of Severe Drought Conditions Have Been

question 112

Multiple Choice

"The last three years of severe drought conditions have been brutal to our lawn care business. We survived, but our business is too concentrated," said Rocco Camanetti, owner of Camanetti & Sons. "I propose that we expand in new areas-trucking, catering, and dry cleaning-to minimize our risks due to market fluctuations in one industry." Rocco is advocating a(n) ________ strategy.

• A) lateral integration
• B) vertical integration
• C) related diversification
• D) unrelated diversification
• E) horizontal integration

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Definitions:

Earning an A

Achieving the highest grade in an academic assessment, indicative of excellent understanding or performance.

Psychology Graduate Program

A psychology graduate program is an advanced course of study that focuses on theoretical, experimental, and applied aspects of psychology, leading to a master's or doctoral degree.

Bachelor's Degree

An undergraduate academic degree awarded by colleges and universities upon completion of a course of study lasting three to seven years (depending on institution and academic discipline).

Action Plan

A detailed proposal for doing or achieving something, outlining all the necessary steps and actions.