Which Strategy Would Be Most Appropriate When the Distinctive Competencies

question 47

Multiple Choice

Which strategy would be most appropriate when the distinctive competencies of two or more firms complement each other especially well?

• A) Conglomerate diversification
• B) Divestiture
• C) Joint venture
• D) Retrenchment
• E) Integration

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Definitions:

Customer Input

The feedback or data provided by customers used to improve or develop products and services.

Customized Business Software

Software that is specifically designed and developed to meet the unique requirements and workflows of a particular business or organization.

New Product Ideas

Concepts or proposals for goods or services that are not yet developed or marketed, often emerging from research, customer feedback, or innovative thinking.

Brainstorming

A group creativity technique designed to generate a large number of ideas for the solution to a problem.