Examlex
Handheld or personal digital assistants (PDAs) are more visible in the health care system. Which of the following answers best describes an advantage of using a PDA?
Related Diversification
A growth strategy where a business expands its operations into areas that are similar to its existing operations, aiming to leverage its existing strengths and capabilities.
Business Strategy
Deals with how the firm will compete in each market where it conducts business.
Retrenchment
The act of reducing costs or spending in response to economic difficulty, often involving layoffs or downsizing of an organization.
Prospector Strategy
A business approach focused on innovation, seeking out new markets and opportunities, characterized by flexibility and a readiness to adapt to changing environments.
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