Semway, a Regional Bank, Recently Announced That It Would Soon

question 137

Multiple Choice

Semway, a regional bank, recently announced that it would soon begin offering financial planning services. This is an example of which of these?

• A) Related diversification
• B) Unrelated diversification
• C) Cross-functional diversification
• D) Product line diversification
• E) Industry diversification

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Definitions:

Cold War

The state of geopolitical tension and conflict primarily between the United States and the Soviet Union, and their respective allies, from the end of World War II until the early 1990s.

Working Women

Refers to women who are engaged in paid employment, highlighting the social and economic contributions they make as well as the challenges they face.

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations, including the great powers, eventually forming two opposing military alliances, the Allies and the Axis.

Consumerism

The cultural and economic order that encourages the acquisition of goods and services in ever-increasing amounts.