The Essential Requirement for Different Businesses to Be "Related" Is

question 74

Multiple Choice

The essential requirement for different businesses to be "related" is that

• A) their value chains possess competitively valuable cross-business fit relationships.
• B) the products of the different businesses are bought by much the same types of buyers.
• C) the products of the different businesses are sold in the same types of retail stores.
• D) the businesses have several key suppliers in common.
• E) the production methods that they employ both entail economies of scale.

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Definitions:

Bounded Rationality Model

A concept suggesting that individuals make decisions based on the limited information they have available and within the constraints of their mental capacity.

Emotional Block

Emotional block is a situation or condition where an individual's feelings prevent them from understanding a situation clearly or acting effectively, often hindering problem-solving and decision-making processes.

Explicit Knowledge

Knowledge that is well documented, structured, and easily transferred or taught to others, often found in manuals, databases, and books.

Internationally Generated Reports

Documents or findings produced across different countries, reflecting global perspectives or data.