Entering a New Business or Industry to Create a Competitive

question 24

Multiple Choice

Entering a new business or industry to create a competitive advantage in one or more of an organization's existing divisions or businesses is called

• A)related diversification strategy.
• B)international expansion strategy.
• C)low-cost strategy.
• D)concentration on a single industry.
• E)unrelated diversification strategy.

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Definitions:

Cohabitation

Living together in a sexual relationship without being married.

Romantic Couple

Two individuals involved in a romantic relationship, characterized by emotional and physical intimacy.

Intimacy

A close, familiar, and affectionate personal relationship with another person that involves a deep level of emotional connection.

Social Connection

Describes the relationships people have with others and the resulting sense of belonging and support obtained through these interactions.