Related Diversification Occurs When

question 1

Multiple Choice

Related diversification occurs when:

• A) a business serves itself first before serving others.
• B) a business serves others first before serving itself.
• C) a business serves itself and allows other to serve it.
• D) a business serves itself and many other common businesses.

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Definitions:

Going Local

Refers to the preference for local products, services, and experiences over those that are global or imported.

Innovator's Imperative

The necessity for innovators to continually seek out and implement new ideas, solutions, or technologies to stay competitive and relevant.

New Knowledge

Information or insights that have been recently discovered or understood, contributing to the body of understanding in a field.

Innovator's Imperative

The necessity for creators and businesses to constantly innovate and adapt in order to stay competitive and relevant in their markets.