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Talja [164]
3 years ago
11

Definition of Diversification-

Business
2 answers:
Darina [25.2K]3 years ago
6 0

Answer:

the action of diversifying something or the fact of becoming more diverse

Explanation:

Andrej [43]3 years ago
3 0
I’m assuming this question is within the context of business or economics so I’ll frame my answer accordingly. Diversification is varying your portfolio(the investments you make or in a business’ case, the services they) to help lower the overall risk you take on. An example of this is a company that offers invests in oil, hotels, and restaurants. If the oil industry took a dive, the firm would not go under cause of revenue from its other investments.
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2. Give three (3)<br>importance of<br>Entrepreneurship to<br>the economy.​
Firlakuza [10]

Answer:

See below

Explanation:

1. Entrepreneurs Add to National Income

Entrepreneurship creates new businesses that focus on making profits. These ventures employ people who earn directly or indirectly from them. The new incomes add to a country's GDP. Consequently, the government collects higher revenues through taxation, which it uses for national development.

2. Entrepreneurs Create Social Change

Though innovations and creativity, entrepreneurs introduce new products and services and easier ways of doing things that improve life's quality. For example, the advancement of internet technology has created many job opportunities while still making it possible for others to work and earn a living remotely.

3. Community Development

Through Corporate social responsibility programs, entrepreneurs play a significant role in community development.  Corporates globally have funded projects that provide communities with essential services: water projects, schools, hospitals, and clean environments that have been financed by entrepreneurs.

4 0
3 years ago
Over the past several years, the beverage industry has been rapidly changing. New drinks are constantly being invented, and more
zloy xaker [14]

Answer:

Flexible

Explanation:

Flexible organisational structure is one that is informal and lacks management layers (flat structure).

This helps an organisation make decisions faster without waiting for approval at various levels of heirachy or departments within the organisation.

In the given scenario new drinks are constantly being invented, and more and more companies are looking to market healthy drinks, with less sugar and fewer artificial sweeteners.

Quick decisions on product change are needed and this is provided for by the flexible organisation structure.

3 0
3 years ago
The _______ test asks the question: is the industry profitable or capable of being profitable?
meriva
<span>The attractiveness test asks the question: is the industry profitable or capable of being profitable. It is a fundamental test for managers and investors and helps to establish a baseline of performance expectation. An answer of 'no' to the attractiveness test indicates that the industry is not likely to be a good investment.</span>
4 0
3 years ago
The primary goals of inventory managers are to maintain a sufficient quantity of inventory to meet customers' needs, ensure inve
lapo4ka [179]

Answer:

True

Explanation:

  • The primary goals of the inventory manager are to maintain a sufficient quantity and ensure the quality meets the standard and the expectations and also minimize the costs of the carrying inventory. Are responsible for the maintenance and formulation of the records for the new stock as delivered and shipped out.
3 0
3 years ago
This table shows the number of cookies several bakeries sell each day. Bakery Number of Cookies Sold Mrs. Track’s 90 Chips 100 T
Serggg [28]

Answer: d. Uncle John's

Absolute Advantage refers to the ability of an individual, company, region or country to produce a particular product or service at a price lower than that of his or her or its competitors.

When the price for the company's products are lower in comparison to other similar products, the demand for its products are more and it's able to sell more number of units than its competitors.

In this case, Uncle John's has the absolute advantage since it sold the most number of cookies (125)









6 0
3 years ago
Read 2 more answers
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