Diversified Industries Decides to Use the Expertise It Has from Its

question 65

Multiple Choice

Diversified Industries decides to use the expertise it has from its canned-pet-food division and its health-food division to enter the fast-growing market for fresh, natural pet foods. This is an example of

• A)diversification.
• B)benchmarking.
• C)a merger.
• D)domain selection.
• E)an acquisition.

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Definitions:

Sense of Urgency

describes the perception of the importance and immediate need for action within a business context to achieve its goals.

Coercion

The act of compelling someone to act in a certain way by use of force, threats, or pressure.

Compliance

The act of conforming to rules, standards, or laws.

Negotiation

A process of discussion aimed at reaching an agreement or compromise between parties with different needs or interests.