Examlex
Which of the following is NOT a principal characteristic of the partnership form of business organization?
Unrelated Diversification
Is used when a firm attempts to operate several unique businesses in different, unrelated markets. The basic logic behind unrelated diversification is that a company can shield itself from the adverse effects of business cycles, unexpected competition, and other economic fluctuations.
Analyzer Strategy
A business approach where a company monitors the market and competitors' actions, innovates incrementally, and follows the market leader's successful moves.
Entrepreneurial Employees
Employees who exhibit entrepreneurial characteristics within an organization, including innovation, risk-taking, and proactiveness, contributing to the company's growth.
Flexible
The ability to easily adapt to new, different, or changing requirements and situations.
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