Asked by ashaunte wellington on Jul 04, 2024
Verified
Unrelated diversification involves growth by acquiring new businesses or entering business areas that are different from what the organization already does.
Unrelated Diversification
A business strategy whereby a company expands into industries that are not related to its current line of business.
Acquiring New Businesses
The process of a company purchasing or merging with other companies to expand its operations, enter new markets, or gain competitive advantages.
- Differentiate between strategies of related and unrelated diversification.
Verified Answer
SR
Sophia RomeroJul 10, 2024
Final Answer :
True
Explanation :
Unrelated diversification refers to expanding into new and different businesses, outside of the organization's current business areas.
Learning Objectives
- Differentiate between strategies of related and unrelated diversification.
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