Managers Wishing to Diversify the Firm Must Remember That

question 42

Multiple Choice

Managers wishing to diversify the firm must remember that:

• A) A single-business diversification strategy generally works best.
• B) Forward integration is more successful than is backward integration.
• C) Successful diversification must be aligned with and strengthen a firm's business strategy.
• D) It is competitively advantageous to shrink the size and scope of most firms.

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Definitions:

Task Demand

The requirements or expectations associated with a particular job, activity, or role.

Ethics Violation

An action or behavior that breaches a set of moral principles or established code of conduct, leading to negative consequences.

Loud Work Environment

A workplace characterized by high levels of noise, which can distract employees and decrease productivity.

Cognitive Dissonance

Cognitive dissonance is the psychological discomfort experienced when holding two or more conflicting beliefs, values, or attitudes simultaneously.