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Define and Give Examples of the Two Diversification Strategies

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Define and give examples of the two diversification strategies.


Definitions:

Karl Marx

A 19th-century philosopher, economist, and revolutionary socialist whose works, including the Communist Manifesto, have had a profound impact on political theory and sociology.

Émile Durkheim

A French sociologist best known for his foundational work in sociology and for his theories on the social causes of suicide.

Herbert Spencer

A British philosopher, biologist, anthropologist, and sociologist known for applying evolutionary theory to social evolution and for coining the term "survival of the fittest."

Manifest Function

The intended and recognized outcome of a social process or institution.

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