The Easiest and Cheapest Type of Diversification Strategy for a Company

question 21

Multiple Choice

The easiest and cheapest type of diversification strategy for a company to manage is

• A)related diversification.
• B)unrelated diversification.
• C)vertical integration.
• D)horizontal diversification.
• E)none of these choices.

Differentiate the characteristics of non-profit corporations from for-profit corporations under the MNCA.

Understand the initiation of a corporation's legal existence according to the MBCA.

Comprehend the duties and liabilities of corporate officers, the board of directors, and promoters towards the corporation and third parties.

Understand the concept of recombinant DNA and its creation process.

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Definitions:

Variable Input

Any production input that can be varied in the short term to increase or decrease output, such as labor or raw materials.

Output

The total amount of goods or services produced by a company or country.

Marginal Product Curve

A graphical representation showing how the additional output of a firm varies with the addition of one more unit of a variable input, holding all other inputs constant.

Total Product

The overall quantity of output that a firm produces, usually specified in relation to a given quantity of inputs.