A ___ Seeks to Correct Weaknesses by Making Changes to the Current

question 87

Multiple Choice

A ___ seeks to correct weaknesses by making changes to the current ways of operating.

• A) restructuring strategy
• B) related diversification strategy
• C) unrelated diversification strategy
• D) backward integration strategy
• E) forward integration strategy

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Definitions:

Product Liability

Pertains to the legal responsibility of manufacturers, wholesalers, or retailers for injuries caused by defects or dangers in products they make available to consumers.

Unconscionability

A legal doctrine that refers to terms in a contract that are extremely unjust or overwhelmingly one-sided in favor of the party who has the superior bargaining power.

Assumption of Risk

A legal doctrine where an individual knowingly exposes themselves to danger and assumes responsibility for any resulting injuries or damages.

Product Misuse

The incorrect, inappropriate, or unintended use of a product, which can lead to injury or failure to meet the user's needs.