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:

Independent of One Another

A concept where events or variables do not affect or influence each other.

Annual Profit

The financial gain, often calculated before taxes, that a business makes within one fiscal year.

Homeowner's Policy

An insurance policy that provides coverage for a homeowner against losses or damages to their home and belongings inside it.

Catastrophe

An event causing great and often sudden damage or suffering; a disaster.