HK Goods Inc

question 97

Multiple Choice

HK Goods Inc.is a large conglomerate that operates only in its home country.The company competes in industries like the consumer electronics, health care, hotel, airlines, education, and steel industries.Which of the following diversification strategies does this best illustrate?

• A) Process diversification
• B) Product diversification
• C) Geographic diversification
• D) Market diversification

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Definitions:

Legitimate Power

The authority granted to an individual by an organization, recognized and accepted by members for influencing behavior.

Organization

A structured group of individuals working together towards common goals, often within a formal hierarchy.

Job Holders

Individuals currently employed in a particular position, contributing to the roles and functions of an organization.

Power

The ability or capacity of an individual or group to influence or control the actions, behaviors, or opinions of others.