Product-Related Diversification Involves All of the Following Except

question 28

Short Answer

Product-related diversification involves all of the following except:
a. A single business strategy.
b. Entries into activities that are related to a firm's existing markets and/or activities.
c. The emphasis is on economies of scale rather than scope.
d. Increases in competitiveness.
e. Synergy.

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Definitions:

Labor Demand

The total amount of workers that employers within an economy or industry are willing and able to hire at a given wage rate.

Income Inequality

Refers to the unequal distribution of earnings among individuals and groups within a society, leading to various economic and social issues.

Technological Growth

An increase in the efficiency of producing goods and services due to improvements in technology, innovation, and methods.

Skilled Workers

Individuals who have acquired special training, education, knowledge, and abilities to perform specific tasks efficiently.