When an Organization Expands into a Totally New Line of Business

question 34

Multiple Choice

When an organization expands into a totally new line of business, it is implementing a strategy of:

• A) Related diversification
• B) Unrelated diversification
• C) Cross-functional diversification
• D) Product line diversification
• E) Industry diversification

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Definitions:

Polar Regions

Areas surrounding the Earth's geographical poles, characterized by extreme cold and seasonal variations in daylight.

Age of Mammals

A term often used to refer to the Cenozoic Era, characterized by the rise and dominance of mammals after the extinction of dinosaurs.

Age of Birds

A term denoting the evolutionary period during which modern birds first emerged, often in the context of the Mesozoic era.

Age of Flowering Plants

A reference to the Cretaceous period, when flowering plants (angiosperms) rapidly diversified and became dominant on Earth.