Related Diversification Occurs When

question 35

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 others to serve it.
• D)a business serves itself and many other common businesses.

---

Definitions:

Bid Revocation

The act of withdrawing a bid before it is accepted, which can typically be done as long as the withdrawal does not violate the terms of the bidding process.

Negotiation

Negotiation is a dialogue between two or more parties aimed at reaching a mutually beneficial outcome or resolving a disagreement.

Valid Contract

A legally binding agreement between parties that meets all requisite legal elements, such as offer, acceptance, consideration, and mutual consent.

Counteroffer

A reply to an offer in which the original conditions are modified, effectively rejecting the initial offer and presenting a new one for consideration.