A Ship Builder Is Planning to Venture into the Home

question 84

Essay

A ship builder is planning to venture into the home building industry. Describe the three tests this diversification move should pass before it is accepted.

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Definitions:

Raw Materials

Basic materials that are used in the production of goods, finished products, or intermediate materials which are feedstock for future finished products.

Shipping By Sea

The process of transporting goods across bodies of water in ships or vessels, a common method for international trade.

Air Transport

The movement of passengers and cargo by aircraft, a key component of global transportation networks.

Air Cargo

Transportation of goods through an air carrier.