There Are Four Basic Types of Diversification: Concentric, Conglomerate, Forward

question 105

True/False

There are four basic types of diversification: concentric, conglomerate, forward, and backward.

---

Definitions:

Participatory Planning

Planning that includes the persons who will be affected by plans and/or those who will implement them.

Implementation

The process of executing a plan or policy so that a concept becomes an operational reality in a strategic manner.

Participatory Planning

A process that involves stakeholders in decision-making and planning activities to ensure that outcomes meet their needs.

Planning Steps

Sequential actions or stages involved in designing a strategic roadmap to achieve specific goals or objectives.