If a firm plans to acquire a business because it represents the most promising investment opportunity available,the grand strategy is:
A) Conglomerate diversification
B) Joint venture
C) Concentric diversification
D) Liquidation

Question

Quizplus · Accepted Answer

Conglomerate diversification is a grand strategy that involves acquiring a business because it represents a promising investment opportunity, even if it's not related to the firm's current business or industry. This strategy is chosen to diversify investments and reduce risks associated with operating in a single market or industry.

If a Firm Plans to Acquire a Business Because It