When a Bank Expands the Number of Service Options It

question 43

Short Answer

When a bank expands the number of service options it offers after acquiring another financial firm,they have practiced __________________ diversification.

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Definitions:

Relevance

The quality of being closely connected or appropriate to what is being done or considered.

Canadian Psychological Association (CPA)

The national association for the science, practice, and education of psychology in Canada, dedicated to improving the health and welfare of all Canadians.

Established

To have been in existence for a long time and therefore recognized and accepted.

Organization

The act of arranging or structuring elements in a systematic way to achieve certain goals or objectives.