Identify and Explain the Meaning and Strategic Significance of Each

question 91

Essay

Identify and explain the meaning and strategic significance of each of the following terms:
a)related diversification
b)unrelated diversification
c)strategic fit
d)economies of scope
e)divestiture
f)corporate restructuring

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Definitions:

Client-visits

Client-visits refer to the number of times clients visit a business or service provider, often used to measure customer engagement or service utilization.

Activity Variance

The difference between the budgeted cost of activity based on standard rates and the actual cost incurred.

Budgeting

The process of creating a plan to spend your money over a certain period, allocating funds to various activities or departments.

Customers Served

The number of unique clients or customers that a business or service has provided for over a specific period.