At Cooper Industries, There Are Few Similarities in the Products

question 26

Multiple Choice

At Cooper Industries, there are few similarities in the products it makes or the industries in which it completes. The corporate office adds value through such activities as superb human resource practices and budgeting systems. This is an example of using

• A)related diversification to acquire economies of scope by leveraging pooled negotiating power.
• B)related diversification to acquire market power by leveraging core competencies.
• C)unrelated diversification to acquire financial synergies through portfolio management.
• D)unrelated diversification to acquire parenting, restructuring, and financial synergies through corporate restructuring and parenting.

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Definitions:

Companionate Love

A type of affection found in long-term relationships where deep affection, commitment, and intimacy are present, distinct from passionate or romantic love.

Fatuous Love

A type of love described in Sternberg's triangular theory of love, characterized by passion and commitment but lacking in intimacy.

Avoidantly Attached

Referring to an attachment style characterized by difficulty in trusting others and maintaining close relationships.

Cognitive Dissonance

The feeling of discomfort caused by holding conflicting beliefs or values, or by acting in contradiction to one's beliefs.