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Discuss the Various Approaches to Diversity, Beginning with the Least

question 56

Essay

Discuss the various approaches to diversity, beginning with the least aggressive and ending with the most.


Definitions:

Vertical Integration

The business strategy where a company owns its supply chain, from production to point of sale.

Diversification Strategy

An approach to business growth through increasing the variety of products, services, or markets served.

Different Business Areas

Various functional sectors within a company, such as finance, marketing, operations, or human resources, each responsible for specific tasks.

Diversification

A strategy that involves entering into new markets or industries or creating new products to spread and reduce risks.

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