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Z-Furn is an organization that manufactures and sells office furniture. It maintains a good name in this business and has strong capital resources. The organization decides to purchase a failing food product business in order to tap into the market of that company. Which of the following types of diversification is the firm pursuing?
Account
A record or statement of financial expenditure and receipts relating to a specific period or purpose.
Effective Rate
The actual interest rate an investor receives or pays after the effects of compounding interest and all charges are considered.
End-Of-Month Payments
Payments that are due at the end of each month, commonly found in loan and lease agreements.
Finance Company
A business that provides loans to individuals or other businesses and generates profit from the interest on these loans.
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