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What are the two types of additional costs associated with a related-diversification strategy?
Status Group
A social group that people belong to based on factors like prestige, honor, and lifestyle, rather than solely economic or social class.
Role Cluster
A set of roles that are associated with a particular social status or position in society, typically involving expected behaviors and responsibilities.
Robert Provine
A psychologist and neuroscientist known for his research on laughter, tears, and other human behaviors.
Conversations
The act of exchanging thoughts, information, or ideas through verbal communication between two or more people.
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