“The last three years of severe drought conditions have been…
“The last three years of severe drought conditions have been brutal to our lawn care business. We survived, but our business is too concentrated,” said the owner of Anderson & Sons. “I propose that we expand in new areas—trucking, catering, and dry cleaning—to minimize our risks due to market fluctuations in one industry.” This business owner is advocating a(n) __________ strategy.
Read DetailsIn order to reduce production costs, Autoworks an automobile…
In order to reduce production costs, Autoworks an automobile manufacturer, decided to buy out a glass plant and begin manufacturing the glass for the windows of cars on its own. The corporate strategy adopted by the company is known as
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