A firm has implemented a strategy of ________ when all or most of its activities fall within a single industry and geographic market.
A) limited corporate diversification
B) related diversification
C) unrelated diversification
D) related-linked diversification

Question

Quizplus · Accepted Answer

Limited corporate diversification refers to a strategy in which a firm operates within a single industry and geographic market. This means that all or most of the firm's activities are focused on one specific area or market. This strategy is often used by small or niche companies that can thrive by specializing in a specific product or service. It allows them to focus on their core competencies and provide the best value to their customers.

A Firm Has Implemented a Strategy of ________ When All