Asked by
Brooklyn Jackson
on Oct 22, 2024
Verified
___ involves growth by acquiring new businesses or entering business areas that are different from what the organization already does.
A) Concentration
B) Related diversification
C) Unrelated diversification
D) Backward integration
E) Vertical integration
Unrelated Diversification
A corporate strategy where a company expands into areas or industries that are not related to its current business or products.
New Businesses
Enterprises that have been recently established and are in the early stages of operation.
- Differentiate between various business growth strategies such as concentration, diversification (related and unrelated), integration (forward, backward, vertical), and retrenchment.
- Comprehend the strategic implications of business growth through mergers, acquisitions, and global expansion.
Verified Answer
PB
Learning Objectives
- Differentiate between various business growth strategies such as concentration, diversification (related and unrelated), integration (forward, backward, vertical), and retrenchment.
- Comprehend the strategic implications of business growth through mergers, acquisitions, and global expansion.