A Classic Conglomerate Is Characterized By

question 54

Multiple Choice

A classic conglomerate is characterized by:

• A)​Product-related diversification and limited geographic scope.
• B)​Product-unrelated diversification and limited geographic scope.
• C) ​Product-unrelated diversification and extensive geographic scope.
• D) ​Product-related diversification and extensive geographic scope.

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Definitions:

McDonaldization

A concept that describes the process by which the principles of the fast-food industry, such as efficiency and standardization, dominate other sectors of society.

Ulrich Beck

Ulrich Beck was a German sociologist best known for his work on risk society, individualization, and reflexive modernization.

Transnational Organizations

Entities that operate across multiple countries, transcending national boundaries to achieve their objectives.

Neoliberalism

An economic and political ideology that emphasizes free-market capitalism, deregulation, and a reduction in government spending on social services.