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:

Governments

Systems or groups of people governing an organized community, often a state.

Grenville's Legislation

A series of acts passed by British Parliament in the mid-18th century, named after George Grenville, aiming to impose taxes and assert tighter control over the American colonies.

Colonial Printing

The practice and industry of producing written materials by pressing ink onto paper, which played a significant role in disseminating information and ideas in colonial societies.

Trading Tactics

Strategies and methods used by traders to maximize profits and minimize risks, often involving the analysis of market trends, psychology, and economic indicators.