A Diversification Strategy Is When an Organization Seeks Competitive Advantage

question 53

True/False

A diversification strategy is when an organization seeks competitive advantage by providing goods or services that are significantly different from the competition.

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Definitions:

Implied

Something suggested or indicated, though not expressly stated.

Internal Revenue Service

The U.S. government agency responsible for the collection of taxes and enforcement of tax laws.

Expressed Powers

Specific powers granted to the government or its branches explicitly mentioned in a constitution, particularly the United States Constitution.

Confederal System

A form of government where power is distributed among several independent states, which retain full control over their internal affairs but cooperate on certain issues.