The Most Popular Strategy for Entering New Businesses and Accomplishing

question 66

Multiple Choice

The most popular strategy for entering new businesses and accomplishing diversification is

• A) forming a joint venture with another company to enter the target industry.
• B) internal start-up.
• C) acquisition of an existing business already in the chosen industry.
• D) forming a strategic alliance with another company to enter the target industry.
• E) None of the above; strategic alliances and joint ventures are equally popular and rank well ahead of acquisition and internal start-up in terms of frequency of use.

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Definitions:

Materialistic Goals

Aspirations or objectives that focus on acquiring material possessions and wealth.

Pursuit Of Wealth

The dedicated effort to accumulate monetary resources and material possessions as a measure of success or security.

Polygraph

A machine designed to detect physiological changes in a person's body when they answer questions, used to infer the truthfulness of their responses.

Cross-Cultural Similarities

Aspects, behaviors, or traits that are common or shared across different cultures.