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Once a climax community develops, is it likely to remain that way indefinitely?
Diversification
An investment strategy aimed at reducing risk by allocating investments among various financial instruments, industries, or other categories.
Vertical Integration
A strategy where a company expands its operations into different stages of production or distribution within the same industry.
Consolidated Cash Account
A combined account that aggregates the cash balances of a parent company and its subsidiaries to give a total cash figure in consolidated financial statements.
Business Combination
The process of merging or acquiring another company to expand operations, enter new markets, or acquire new technologies.
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