Which are not related to firm's existing business in adding new product lines?
Correct answer: B. conglomerate diversification
- A. related diversification
- B. conglomerate diversification
- C. diversification
- D. all of above
Explanation
Conglomerate diversification adds products or businesses unrelated to the firm’s existing operations. Related diversification, by contrast, expands into areas connected with the current business.
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
How many types of strategies are there in strategic planning?
Downside of management by objectives is?
The 'cost advantages' can be the best classified as?
Gaining market share by offering same products as of competitors in same market, considered as?
The intended directions and actions are stated in?
The portfolio of business that comprises the business is identified in?