Many more firms have failed at ________ than have succeeded due to the immense challenge of managing businesses in many industries rather than in a single industry.
A) forward integration
B) related diversification
C) backward integration
D) related diversification.
E) unrelated diversification

Question

Quizplus · Accepted Answer

Related diversification involves expanding into businesses that are related to the firm's existing business. This can be a challenging strategy, as it requires the firm to manage businesses in multiple industries. Many firms have failed at related diversification due to the immense challenge of managing businesses in many industries rather than in a single industry.

Many More Firms Have Failed at ________ Than Have Succeeded