BM Goods Inc

question 66

Multiple Choice

BM 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:

Outsourced

The practice of having certain job functions or processes handled outside of the company, typically by a third party, to reduce costs or focus on core competencies.

Gray Zone

A term often used in geopolitics and cybersecurity, referring to ambiguous situations or activities that are not clearly lawful or unlawful.

Range of Options

The spectrum or variety of choices available in a given situation or for making a particular decision.

Logistics Outsourcing

The practice of hiring third-party service providers to handle logistics operations such as transportation, warehousing, and distribution, allowing companies to focus on their core activities.