U.S.-based Thermo Electron Corp.,the biggest maker of measurement instruments for medical laboratories,agreed to buy the radiation-monitoring products unit of Compagnie de Saint-Gobain for $30 million to gain European customers.Saint-Gobain of France is Europe's number 1 distributor of building materials,and its radiation monitoring unit did not support the company's mission statement.Thermo Electron engaged in a _____ strategy.
A) building
B) divesting
C) diversification
D) penetration
E) market development
Correct Answer:
Verified
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