An Advantage of Related Diversification Is That It Allows a Company

question 40

True/False

An advantage of related diversification is that it allows a company to quickly gain entry into a new industry where barriers are high.

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Definitions:

Wasted Materials

Resources that are not used efficiently or effectively, leading to unnecessary expenses and environmental impact.

Employee Reaction

The response or feedback of employees towards various aspects of their job, workplace environment, or organizational policies and practices.

Training Program Effectiveness

Evaluation of how well a training program achieves its objectives, often measured by participants' knowledge gain, skill improvement, and positive changes in behavior.

Benchmarking

The process of measuring one’s own services and practices against the recognized leaders in order to identify areas for improvement.