Asked by Charol Pelagio on Apr 28, 2024
Verified
A company can shield itself from the adverse effects of business cycles, unexpected competition, and other economic fluctuations while operating several unique businesses in different markets by using _____.
A) a retrenchment strategy
B) unrelated diversification
C) a differentiation strategy
D) related diversification
Unrelated Diversification
A business strategy where a company expands into markets or products that are not related to its current operations.
Business Cycles
The fluctuations in economic activity that an economy experiences over a period of time, marked by periods of expansion and contraction.
Economic Fluctuations
Variations in the level of economic activity over a period of time, often characterized by periods of growth (expansions) and contraction (recessions).
- Acquire knowledge about the essential notions and categories of corporate strategies, covering diversification, differentiation, and adaptation methodologies.
Verified Answer
Learning Objectives
- Acquire knowledge about the essential notions and categories of corporate strategies, covering diversification, differentiation, and adaptation methodologies.
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