Strategic Management
Chapter 6 Test Bank
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Strategic Management Chapter 6 Test Bank.pdf Strategic Management Chapter 6 Test Bank.pdf Strategic Management Chapter 6 Test Bank.pdf
, strategic management test chapter 6.pdf strategic management test chapter 6.pdf strategic management test chapter 6.pdf
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Terms in this set (30)
corporate level strategy actions a firm takes to gain a competitive advantage by selecting and
managing a group of businesses competing in different product markets
product diversification - scope of markets
- match skills and strengths w opportunities
diversification is successful when - reduces variability in profitability
- provides flexibility to shift investments to high return markets
low level diversification- single business 95% or more of revenue comes from one business
example- tobasco sauce (McIlhenny)
low level diversification- dominant business 70-95% of revenue comes from one business
example- UPS
strategic management test chapter 6.pdf strategic management test chapter 6.pdf strategic management test chapter 6.pdf