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There Are Four Basic Types of Diversification: Concentric, Conglomerate, Forward

question 105

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There are four basic types of diversification: concentric, conglomerate, forward, and backward.

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Definitions:

Prototype

An original model on which something is patterned or an early, typical example of a concept or category.

Stereotype Content Model

A theory positing that stereotypes are based on the dimensions of warmth and competence which humans universally apply to social groups.

Judged Competence

The perception of an individual's skills, abilities, and performance by others, often influenced by various biases and subjective assessments.

Warmth

A personal quality characterized by kindness, compassion, and friendliness, promoting positive interpersonal relations.

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