A Diversification Strategy Is a Growth Strategy in Which an Organization

question 13

True/False

A diversification strategy is a growth strategy in which an organization expands its operations by moving into a different industry.

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Definitions:

Primate Species

A group of mammals that includes humans, monkeys, and apes, characterized by large brains, forward-facing eyes, and opposable thumbs.

Delay Gratification

The aptitude for postponing instant satisfaction in order to obtain a reward at a subsequent time.

Goal Shielding

The cognitive process of protecting one's focus on achieving a goal by resisting distractions or competing goals.

Capacity to Delay Gratification

The competency to delay gratification by resisting the urge for an immediate prize in anticipation of a future reward.