A concentric diversification strategy allows a firm to produce similar products to an already established business. Let us say that a computer company, producing computers using towers, now starts to produce laptops.
Horizontal diversification allow a firm to start exploring other zones in terms of product manufacturing. If a company that used to produce television, now starts producing refrigerators, dryers etc. it's using horizontal diversification.
As for the conglomerate diversification strategies, this is where companies will look to enter a previously untapped market. So they want to move to a new industry.
Asia the crusades fought holy wars
Answer:
An apple, potato, and onion all taste the same if you eat them with your nose plugged
Explanation:
Answer:
Accounting profit = $45,000
Economic profit = $5,000
Explanation:
The computation of accounting profit and economic profit is shown below:-
Accounting profit = Sales - External expenses
= $75,000 - $30,000
= $45,000
Economic profit = Accounting profit - Implicit cost
= $45,000 - $40,000
= $5,000
Therefore for computing the accounting profit and economic profit we simply applied the above formula so that each one could arrive
