Initiating Actions to Boost the Combined Performance of the Corporation's

question 106

Multiple Choice

Initiating actions to boost the combined performance of the corporation's collection of businesses includes all of the following strategic options, EXCEPT

• A) sticking closely with the existing business lineup and pursuing available opportunities.
• B) broadening the scope of diversification by entering additional industries.
• C) divesting some businesses and retrenching to a narrower collection of businesses.
• D) restructuring the entire company by adding and removing businesses to improve overall performance.
• E) refocusing the existing businesses on new substitute product-line opportunities outside the existing industry framework.

---

Definitions:

Product Variety

The assortment or range of different goods or services offered by a seller or available in a market.

Pure Competition

Also known as perfect competition, it is a market structure characterized by a large number of buyers and sellers, homogenous products, and free entry and exit from the market.

Monopolistic Competition

A market structure featuring many firms selling similar but not identical products, allowing for some degree of market power and price differentiation among competitors.

Monopolistically Competitive

An economic scenario in which numerous companies offer products that are alike but not exactly the same, facilitating rivalry through distinctions in their products.