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________ Diversification Is When a Firm Enters a Different Business

question 23

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________ diversification is when a firm enters a different business that has little horizontal interaction with other businesses of a firm.


Definitions:

Comparison Lines

In the context of perception, these are reference lines against which other objects or magnitudes are compared or judged.

Conformity

The tendency of individuals to align their attitudes, beliefs, and behaviors with those of a group or society.

Informational Social Influence

The influence of others that leads to conformity because of a desire to be correct and understand the correct behavior or opinion.

Normative Social Influence

Involves the impact of social norms and the desire to be accepted by others on an individual's behavior.

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