When Executives of a Firm Consider Business Opportunities Only Where

question 47

Multiple Choice

When executives of a firm consider business opportunities only where they can leverage their existing competencies and resources, it can be concluded that the firm is using

• A) related-constrained diversification.
• B) related-linked diversification.
• C) strategic outsourcing.
• D) offshore outsourcing.

---

Definitions:

Collectivism

A cultural system that values the needs of the group more than those of the individual self.

Socialist Countries

Nations where the government exercises significant control over the economy, often including ownership and management of production means, and prioritizes social equity.

Welfare

Governmental or private aid provided to individuals or groups in need, aimed at promoting their well-being and ensuring basic necessities are met.

Constructivism

A theory in education and psychology which posits that humans construct knowledge and meaning from their experiences.