In a Single-Product Diversification Strategy

question 37

Multiple Choice

 In a single-product diversification strategy

• A) a firm attempts to develop core competencies in a specific market.
• B) a firm owns numerous businesses that are linked in some manner.
• C) a firm manages several businesses with no reasonable connection.
• D) a firm's main focus is on establishing customer recognition and loyalty.

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Definitions:

Alcohol Dependents

Individuals who have developed a strong and uncontrollable need to drink alcohol, often to the detriment of their health and well-being.

Naltrexone

A medication used primarily in the management of alcohol dependence and opioid dependence, by blocking the euphoric effects of these substances.

Endorphins

Natural, pain-relieving chemicals produced by the brain in response to stress or pain, often associated with feelings of euphoria and well-being.

Substance-Related Disorders

Disorders that involve the excessive use and dependence on psychoactive substances, leading to significant impairment or distress.