Define and Give an Example of the Two Diversification Strategies

question 61

Essay

Define and give an example of the two diversification strategies.

---

Definitions:

Distal Goals

Long-term objectives or targets that are often more abstract and distant in the future, requiring a series of proximal (short-term) goals to achieve.

Achievement Level

A measure of one's success in meeting benchmarks of knowledge, skill, or ability in various disciplines.

Sales Target

A specific goal set for a salesperson or team to achieve in a certain timeframe.

Valence

The intrinsic attractiveness or aversiveness of an event, object, or situation.