Hemisphere Corporation Decides to Enter a New Type of Business

question 36

Multiple Choice

Hemisphere Corporation decides to enter a new type of business in order to create a competitive advantage in one of its existing businesses. Hemisphere is engaging in

• A)concentration on a single business.
• B)related diversification.
• C)vertical integration.
• D)international expansion.

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Definitions:

Percentage Change

A mathematical calculation that illustrates how much a value has changed as a proportion of its previous value.

Horizontal Analysis

A financial analysis method that compares historical financial data over a series of periods to identify trends and growth patterns.

Increase Or Decrease

Terms that refer to the change in size, amount, or number of something, often used to describe financial and numerical data fluctuations.

Income Statement

This is a financial statement that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and net income.