Which of the Following Best Describes the Strategy of Diversification

question 34

Multiple Choice

Which of the following best describes the strategy of diversification?

• A) It requires a firm to enter a supplier's business.
• B) It requires a firm to move into new value chains.
• C) It requires a firm to enter a buyer's business.
• D) It requires a firm to get involved in new portions of the value chain.
• E) It requires a firm to sell its existing products in new markets.

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Definitions:

Bill Of Rights

A formal statement listing the fundamental rights and freedoms that are protected and guaranteed to all citizens.

Landrum-Griffin Act

Also known as the Labor-Management Reporting and Disclosure Act of 1959, it governs the relationship between labor unions and their members, regulating internal union affairs and union officials' responsibilities.

Union Members

Individuals who belong to a labor union, an organization that represents workers' interests, advocating for better wages, working conditions, and benefits.

Wagner Act

A landmark piece of legislation that solidified the legal framework for labor relations in the United States, empowering workers with union rights and collective bargaining capabilities.