Diversified Industries Decides to Use the Expertise It Has from Its

question 65

Multiple Choice

Diversified Industries decides to use the expertise it has from its canned-pet-food division and its health-food division to enter the fast-growing market for fresh, natural pet foods. This is an example of

• A)diversification.
• B)benchmarking.
• C)a merger.
• D)domain selection.
• E)an acquisition.

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Definitions:

On-the-job Training

Practical training provided to employees at the workplace while they are doing their job.

Apprenticeships

A system of training a new generation of practitioners of a trade or profession with on-the-job training and often some accompanying study (classroom work).

Traditional On-the-job Training

A hands-on approach to training where employees learn tasks and responsibilities through performing their job functions directly, often under the supervision of more experienced staff.

Coaching

A developmental process where an experienced individual, known as a coach, supports a learner in achieving a specific personal or professional goal through training and guidance.