Concentric Diversification Is Growth into Unrelated Businesses but May Be

question 65

True/False

Concentric diversification is growth into unrelated businesses but may be a very appropriate corporate strategy when a firm has a strong competitive position but industry attractiveness is low.

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Definitions:

Louis XIII

King of France from 1610 to 1643, whose reign saw the strengthening of royal power and the development of Absolutism in France, largely through the efforts of his minister, Cardinal Richelieu.

Mercantilists

Economic theorists and practitioners who advocated for mercantilism, a system promoting government regulation of a nation's economy for the purpose of augmenting state power at the expense of rival national powers.

Service

Activities performed to satisfy the needs or desires of others, which can range from manual labor to intellectual or artistic output.

State

A politically organized community living under a single system of government; may also refer to the governmental apparatus through which policies are enforced and administered.