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Case Scenario 1: Syco

question 46

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Case Scenario 1: Syco.
Syco is a diversified company that has six primary lines of business. Fifty percent of its revenues and 18 percent of its profits come from retailing. Most of its retail outlets are discount department stores that serve as anchor tenants for large suburban shopping malls. The remaining businesses are broken out as follows: Insurance accounts for 30 percent of revenues and 50 percent of profits; consumer credit card operations are 6 percent of sales and 17 percent of profits; 5 percent of revenues and 6 percent of profits come from its stock brokerage business; commercial and residential real estate operations generate 4 percent of sales and 8 percent of profits; finally, 5 percent of revenues and 1 percent of profits come from its online portal business. The company's management states that all these businesses are essential to its competitive future.
-(Refer to Case Scenario 1) . What diversification strategy best describes Syco? Assume that retailing,insurance,consumer credit card,stock brokerages,and online portal businesses allow for some transfer of knowledge about consumer behavior including buying and bill-paying habits.

Definitions:

Cross-Cultural Research

The scientific study of human behavior and mental processes, including both their variability and invariance, under diverse cultural conditions.

Distal Parenting

A parenting style that involves more remote or indirect methods of interaction, such as digital communication, as opposed to direct, physical, and daily care.

Proximal Parenting

A caregiving strategy that involves close physical proximity to the child, with a lot of physical touch and interaction.

Cognitive Theorists

Scholars and researchers who study how people understand, diagnose, and solve problems, emphasizing the role of mental processes.