If all of the businesses of an organization are related to a common "core" business,the organization is probably pursuing which corporate strategy?
A) Prospector
B) Cost focus
C) Defender
D) Related diversification

Question

Quizplus · Accepted Answer

Related diversification is a corporate strategy in which an organization operates businesses that are related to the core business in some way. This can include vertical or horizontal integration, or entering into industries that have complementary products or services to the core business. If all of the businesses of an organization are related to a common "core" business, then it is likely that the organization is pursuing a related diversification strategy. Options A, B, and C are not applicable in this scenario. A prospector strategy involves exploring new markets and opportunities, a cost focus strategy involves reducing costs and maximizing efficiency, and a defender strategy involves focusing on a stable core business and protecting market share.

If All of the Businesses of an Organization Are Related