Examlex
Firms use corporate-level diversification strategies for all the following reasons EXCEPT:
Industrialized West
Refers to Western countries that have undergone industrialization, characterized by economic development, advanced technology, and a shift from agricultural to manufacturing and service industries.
Agricultural Development
The strategic enhancement of agricultural productivity and the expansion of farming practices to meet increasing food demands.
Modernization
The process of adopting modern ways of life and ideas, often involving technological advancements, urbanization, and social and economic changes.
Circumnavigation
The act of traveling all the way around an island, continent, or the entire planet, either by ship or aircraft.
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