Which of the Following Is True of Relatedness

question 51

Multiple Choice

Which of the following is true of relatedness?

• A)Measurement of product relatedness is no longer debatable.
• B)A "product-related" firm will be considered related regardless of the measure used.
• C) Product-unrelated conglomerates are not linked by institutional relatedness.
• D) Relatedness can be a common underlying dominant logic that connects various businesses in a diversified firm.

Acknowledge the role of creativity and innovation in decision-making.

Recognize the importance of evaluating decision outcomes and the process for doing so.

Understand the concept of escalating commitment and its implications in decision-making.

Realize the significance of involving necessary stakeholders in the decision-making process.

---

Definitions:

Standardization

The process of developing and implementing technical standards to ensure consistency and compatibility in products, services, and processes.

Random Selection

A method of selecting a sample from a population in a way that gives every member of the population an equal chance of being chosen.

Representative Sample

A subset of a population that closely mirrors the characteristics of the overall population, used in research to draw conclusions about the population as a whole.

Population

a group of individuals of the same species living in the same geographic area at the same time, capable of interbreeding.