When a company decides to expand into new industries,it must
A) construct its business models at two levels.
B) secure government approval from the Securities and Exchange Commission (SEC).
C) select a new CEO.
D) all of these choices.
E) none of these choices.

Question

Quizplus · Accepted Answer

When a company decides to expand into new industries, it must construct its business models at two levels. The first level is the overall company level, and the second level is the level of the new industry the company is expanding into. This allows the company to ensure that its current business model remains intact while developing a new one that is specific to the new industry. Option B and C are not necessary for expansion into new industries, and option D is not entirely correct.

When a Company Decides to Expand into New Industries,it Must