Red Empire Inc

question 69

Multiple Choice

Red Empire Inc., a large multinational company owned by two partners, is active in the petroleum, capital market, chemicals, steel, beverages, hospitality, airlines, education, automobiles, and consumer electronics industries.The company has multiple brands and a large product portfolio under its banner.Which of the following terms would best describe this company?

• A) A flagship brand
• B) A single-business firm
• C) A dominant-business firm
• D) A conglomerate

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Definitions:

Autonomy

The capacity to make an informed, uncoerced decision independently, often associated with the concept of self-governance or freedom.

Norms

Social rules or standards that govern behavior in groups or societies, often unwritten and learned implicitly.

Expected Behaviors

Actions or reactions that are considered appropriate, usual, or predicted in a given situation based on societal norms or standards.

Shared Beliefs

Common convictions or views held by a group that form the basis for social bonding and collective behavior.