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:

Regulatory Controls

Mechanisms put in place by a government or regulatory body to manage operations and behaviors within industries to ensure compliance with legal standards and to protect public interest.

Unlimited Liability

A legal obligation in business where owners are personally responsible for all debts of the business, extending to their personal assets.