The Supply Curve for Cookbooks Shifts

question 256

Multiple Choice

The supply curve for cookbooks shifts

• A) when a determinant of the supply of cookbooks other than technology changes.
• B) when a determinant of the supply of cookbooks other than the price of cookbooks changes.
• C) when any determinant of the supply of cookbooks changes.
• D) only when the number of cookbook-sellers changes.

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Definitions:

Unrelated Diversification

A business strategy where a company expands into industries or markets that are not related to its existing business activities.

Acquiring New Businesses

The process by which a company purchases or takes over other businesses to expand its operations, market reach, or product offerings.

Related Diversification

A strategy where a business expands into new areas that have a connection or relation to its existing operations or markets.

GE Business Screen

A strategic planning tool developed by General Electric to evaluate business units on market attractiveness and company strength.