For Diversification to Be a Successful Management Strategy, It Must

question 15

Multiple Choice

For diversification to be a successful management strategy, it must

• A)generate accounting profits.
• B)earn normal profits.
• C)protect market share.
• D)add value.

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Definitions:

Flexibility

The quality of being able to adapt quickly and effectively to changing conditions and circumstances.

Union Density Rates

The percentage of workers who are union members in a specific area or sector, indicating the level of union membership and influence.

Traditionally Unionized

Refers to sectors or industries that have historically had a strong union presence and high membership rates.

Manufacturing

The process of turning raw materials or components into finished goods through the use of tools, human labor, machinery, and chemical processing.