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:

Work Streamlining

The process of optimizing workflow and processes in a working environment to improve efficiency and reduce unnecessary steps or resources.

Eliminate Tasks

The process of removing or reducing unnecessary or unproductive tasks to improve efficiency.

Increasing Revenue

The process of growing the amount of money generated from a business's operations, typically by enhancing sales, expanding markets, or improving pricing strategies.

Decreasing Costs

The process of reducing expenses and outlays in a business in order to improve profitability and efficiency.