Which of the following strategies refers to moving into a new business that is related to the company's existing business activities?
A) Horizontal integration
B) Vertical integration
C) Unrelated diversification
D) Related diversification
E) Strategic partnership

Question

Quizplus · Accepted Answer

Related diversification involves moving into a new business that is related to the company's existing business activities. This allows for the company to leverage its existing resources, knowledge, and capabilities in the new venture. Horizontal integration involves merging with or acquiring companies in the same industry, while vertical integration involves expanding into different parts of the supply chain. Unrelated diversification involves moving into completely new and unrelated industries. Strategic partnerships involve collaborating with other companies to achieve a strategic goal.

Which of the Following Strategies Refers to Moving into a New