When a firm is overly dependent on one or more products or markets, and the intensity of rivalry in that market is intense, the firm may wish to ____ by making an acquisition.
A) increase new product speed to market
B) broaden its competitive scope
C) increase its economies of scale
D) overcome entry barriers

Question

Quizplus · Accepted Answer

Broadening its competitive scope through an acquisition allows the firm to diversify its product offerings and enter into new markets, reducing its dependence on the existing products and markets where rivalry is intense.

When a Firm Is Overly Dependent on One or More