Adding a Related or Complementary Product to a Corporation's Business

question 37

Multiple Choice

Adding a related or complementary product to a corporation's business units is called

• A) concentration.
• B) horizontal growth.
• C) concentric diversification.
• D) vertical growth.
• E) conglomerate diversification.

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Definitions:

Trigger Points

Specific conditions or events that initiate a particular action, reaction, or series of events.

Contingency Planning

The process of preparing for unexpected events by developing strategies to minimize impacts and continue operations.

Early Identification

The process of recognizing potential issues, opportunities, or conditions at an initial stage to allow for timely intervention.

Contingency Planning

The process of preparing for unforeseen events or circumstances to minimize their possible adverse effects.