Concentration on a Single Industry, Vertical Integration, Diversification, and International

question 34

Multiple Choice

Concentration on a single industry, vertical integration, diversification, and international expansion are principal strategies of a ________ level of an organization.

• A) functional
• B) department
• C) corporate
• D) business

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Definitions:

Expected Income

The income an individual anticipates receiving, based on current or future economic conditions.

Low Effort

The minimal exertion of physical or mental energy by an individual or group, often resulting in reduced productivity or output.

Bad Luck

An occurrence of unfavorable or adverse outcomes or circumstances, often beyond one's control.

Asymmetric Information

A situation in which one party in a transaction has more or superior information compared to another.