A Strategy Used to Add New Businesses That Produce Unrelated

question 15

Multiple Choice

A strategy used to add new businesses that produce unrelated products or are involved in unrelated markets and activities is called a

• A) Concentration strategy.
• B) Vertical integration strategy.
• C) Concentric diversification strategy.
• D) Conglomerate diversification strategy.
• E) Outward integration.

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Definitions:

U.S. Bureau of Labor Statistics

A government agency that collects, processes, and disseminates a wide range of economic data, including employment, inflation, and productivity statistics.

Nurse Practitioners

Advanced practice registered nurses who have additional education and training in a specialty area, such as family practice or pediatrics.

Product Demand

The desire for a specific good or service supported by the capacity and willingness to purchase it at a given price.

Labor Demand

Labor demand refers to the quantity of labor that employers are willing and able to hire at a given wage rate in a given market.