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:

Office Departments

Organizational units within a company, each responsible for specific areas of operations or tasks, such as Human Resources, Finance, or Marketing.

Self-Efficacy

The faith an individual has in their power to enact behaviors aimed at realizing precise goals.

Goals

are desired outcomes or objectives that individuals set for themselves, guiding their actions and decisions.

Personal Deficiencies

The lack or inadequacy of certain traits, skills, or qualities within an individual, which may affect their performance or social interactions.