The Most Logical Growth Strategy for a Corporation Having a Strong

question 41

Multiple Choice

The most logical growth strategy for a corporation having a strong competitive position possessing a high market share in a highly attractive industry is

• A)concentration.
• B)conglomerate integration.
• C)concentric diversification.
• D)stability.
• E)retrenchment.

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Definitions:

Diversity Training

A program designed to promote awareness and increase knowledge and skills to handle the diversity within the workforce effectively.

Ethnocentric Practices

Practices in business or management that prioritize the values and standards of the home country over those of foreign branches or cultures.

Xenocentrism

The belief that other cultures are superior to one's own, often leading to a preference for foreign customs, products, or practices.

Cultural Composition

The mix of various cultural identities, beliefs, and practices within an organization or community.