Managers Sometimes Choose to Diversify Because They Are Motivated by Power,income,and

question 32

True/False

Managers sometimes choose to diversify because they are motivated by power,income,and status.

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Definitions:

Technological Improvements

Enhancements or advancements in technology that increase productivity or efficiency in processes, products, or services.

Production Inefficiencies

Situations where resources are not used in the most productive way, leading to wastage and a lower output than potentially achievable.

Technological Breakthrough

A significant advancement in technology that dramatically changes the production process or market for goods and services, often leading to efficiency improvements and new opportunities.

Scarcity

The fundamental economic problem of having seemingly unlimited human wants and needs in a world of limited resources.