Examlex
Which of the following are considered to be major financial management functions?
Substitutes
Pairs of goods for which a rise in the price of one of the goods leads to an increase in the demand for the other good.
Related Diversification
Is used when a corporation believes it can achieve synergy among the various businesses that it owns.
Unrelated Diversification
Unrelated diversification is a corporate strategy involving a firm expanding into business activities that are different from its current operations or markets, aiming to reduce risk through diversification.
Differentiation Strategy
A business approach where a company aims to stand out in the market by offering unique products or services, as opposed to competing mainly on price.
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