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The three primary means by which a firm can diversify are_____________.a. Mergers and acquisitions; joint ventures and strategic alliances; internal b. Mergers and acquisitions; differentiation; overall cost leadershipc. Joint ventures and strategic alliances; integration of value chain activities; acquiring human capital d. Mergers and acquisitions; internal development; differentiation

User Fastobject
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Answer:

The correct answer is letter "A": Mergers and acquisitions; joint ventures and strategic alliances; internal development.

Step-by-step explanation:

Business relationships among companies are crucial. Organizations can take advantage of the competencies of other firms as part of the process of achieving their goals. When corporations' core competencies -not necessarily their products- they can come together to diversify their products and services.

Product diversification can be achieved through mergers, acquisitions, joint ventures, strategic alliances but also through internal development.

User Syed Ali Naqi
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