Which of the Following Is an Example of Growth by Diversification

question 139

Multiple Choice

Which of the following is an example of growth by diversification?

• A) a company introducing its existing products in a new market
• B) a company introducing new product category in a new market
• C) a company increases its product line in an existing market
• D) a company introducing a new product category in an existing market
• E) a company integrates backward to cut costs

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Definitions:

Competitive Advantage

A condition that allows a company or country to produce goods or services at a lower price or in a more desirable fashion for customers than its competitors.

Organization's Culture

The shared values, beliefs, customs, and practices that influence the social and psychological environment of an organization.

Power

Refers to the ability or capacity of an individual or group to influence or direct the behavior of others or the course of events.

Political Behaviors

Actions in organizations that are aimed at using power and influence to achieve one's personal goals, which may not align with the organization's objectives.