Sharing Core Competencies Is One of the Primary Potential Advantages

question 100

Multiple Choice

Sharing core competencies is one of the primary potential advantages of diversification.In order for diversification to be most successful,it is important that _____________.

• A) the similarity required for sharing core competencies must be in the value chain, not in the product
• B) the products use similar distribution channels
• C) the target market is the same, even if the products are very different
• D) the methods of production are the same

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Definitions:

Scientific Management

A theory of management that analyzes and synthesizes workflows, with the objective of improving labor productivity.

Car Detailing

The thorough cleaning, restoration, and finishing of a vehicle, both inside and out, to produce a show-quality level of detail.

Job Breakdown

The process of dividing a job into its component tasks or operations to analyze and improve efficiency.

Knowledge Management

The systematic approach to acquiring, organizing, and sharing an organization’s information assets to enhance its performance and competitiveness.