Diversified firms remain popular in developing countries probably because:
A)In a fast growing economy, there are few senior managers with the skills required to run large companies well
B)They operate in a high-growth environment akin to the West in 1950-80
C)Both a and b
D)Neither a or b

Question

Quizplus · Accepted Answer

Developing countries are often experiencing rapid economic growth and have a scarcity of skilled managers capable of running large companies. Additionally, they may have regulatory and infrastructure challenges that make it difficult to specialize in one area. This creates an environment similar to the West in the mid-20th century, where diversified firms were popular.

Diversified Firms Remain Popular in Developing Countries Probably Because