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Identify and Explain the Meaning and Strategic Significance of Each

question 99

Essay

Identify and explain the meaning and strategic significance of each of the following terms:
a.related diversification
b.strategic fit
c.economies of scope
d.retrenching
e.unrelated diversification


Definitions:

Greatest Good

A principle suggesting that actions should be evaluated based on their ability to produce the maximum amount of happiness or benefit for the greatest number of people.

Trap Of Rationalization

The justification of questionable behavior with seemingly reasonable excuses, obscuring true motives or flaws.

Self-Deception

A psychological process where an individual convinces themselves of a false reality to avoid facing uncomfortable truths.

Nonverbal Facial Expression

Facial gestures and movements that are used to convey emotions or messages without speaking.

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