BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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If a primary school decides to expand into University education, which type of strategy would that be?
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Backward Integration
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Stability
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Horizontal Integration
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Unrelated Diversification
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Explanation:
Detailed explanation-1: -Unrelated Diversification-Diversifying into new industries, such as Amazon entering the grocery store business with its purchase of Whole Foods.
Detailed explanation-2: -Business diversification refers to expanding a company’s operations into new or unrelated products, services, markets, or industries.
Detailed explanation-3: -Diversification Strategies. An unrelated-business diversifier is a company pursuing growth in product markets where the main success factors are unrelated to each other. Such a company, whether a conglomerate or simply a holding company, expects little or no transfer of functional skills among its various businesses.
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