Diversification' can be best classified as?
Correct answer: A. potential opportunities
- A. potential opportunities
- B. potential threats
- C. potential strengths
- D. potential weaknessesGet Executive Coaching
Explanation
Diversification expands a firm into new products or markets and is therefore treated as a possible opportunity in strategic analysis. It may also involve risk, but “potential opportunities” is the intended SWOT classification.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
About Principles of Management
Management principles explain how organisations set objectives and coordinate people and resources to achieve them. Coverage includes planning, organising, staffing, directing, coordinating and controlling, along with authority, responsibility, delegation, span of control and the levels of management. These functions are related but not interchangeable, especially planning and controlling.
Practise Principles of Management
138 free Principles of Management MCQs from Management Sciences, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Management Sciences questions like this
Management Sciences is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Principles of Management questions
The 'corporate strategy' does not include?
The first step in management by objectives is to?
After translating the company mission into strategic goals, the next step is to?
The external and internal audit of a company includes?
What our business is' is stated in?
Low cost foreign competition, classified as?