A ___ Is Used Where Changes in the Scale And/or

question 128

Multiple Choice

A ___ is used where changes in the scale and/or mix of operations are implemented in order to gain both short-term efficiencies and time to prepare new strategies for improving future performance.

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

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Definitions:

Familiar

Commonly recognized or easily understood due to being frequently encountered or extensively experienced.

Intuitive Thinker

An individual who prefers to rely on intuition and subjective understanding to make decisions and solve problems.

Crisis Situations

Emergency circumstances that require immediate action due to the potential threat to health, safety, or stability.

Flexible Approach

A method or strategy that is adaptable and can be adjusted according to changes in circumstance or new information.