A Diversification Strategy Based on Resource Sharing

question 22

Multiple Choice

A diversification strategy based on resource sharing

• A) entails a company creating value by applying the distinctive competencies it developed in one line of business to another line of business.
• B) requires the development of new business-level strategies.
• C) can help a company to realize economies of scope.
• D) is a valid way of supporting the generic business-level strategy of differentiation.
• E) increases the accountability of units.

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Definitions:

Serial-Position Effect

A phenomenon in memory that suggests that when learning a list, people tend to remember the first and last items better than those in the middle.

Alphabet

A set of letters or symbols in a fixed order used to represent the basic sounds of a language, particularly for writing.

Mnemonic Devices

Techniques a person can use to help them improve their ability to remember something, often by associating patterns, such as letters or associations, with the information being memorized.

Procedural Memory

The type of long-term memory responsible for knowing how to do things, also known as muscle memory.