A Strategy of Related Diversification Requires a Need to Reorganize

question 8

True/False

A strategy of related diversification requires a need to reorganize around product lines and geographic markets.This leads to a divisional structure.

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Definitions:

Innovation

The act of converting a concept or innovation into a product or service that generates value or is something customers are willing to purchase.

Thomas Friedman

An American journalist, author, and three-time Pulitzer Prize winner known for his work on globalization and the modern world economy.

Immigration

Moving to a different country with the intent to reside there indefinitely.

Opportunity Cost

The lost potential gain from other alternatives when one alternative is chosen.