A Company That Desired to Spread Its Risk by Offering

question 63

Multiple Choice

A company that desired to spread its risk by offering a breadth of products and to a variety of markets is engaged in _____________. This approach would reduce unsystematic risk as when one industry was doing poorly, they still could profit from customers in other industries.

• A) diversification
• B) product development
• C) market development
• D) market penetration

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Definitions:

Difficult Situations

Challenging or problematic circumstances that require careful thought and handling.

Cognitive Strategy

Techniques or methods employed to facilitate problem-solving or learning by addressing the way one thinks.

Stress Management

Techniques and strategies used to control an individual's stress levels, helping them to remain productive and reduce the negative health effects of stress.

Behavior Change

The process of altering individuals' attitudes or actions to improve health, social, or environmental outcomes, typically through interventions or education.