An organization is using a strategy of

when it operates businesses that have a key element in common.

Select the correct responses to the following question.

Which of the following are advantages of related diversification? Check all that apply.

Ability for more than one business to share some functions, reducing costs

Ability to become very good at making and selling a product

Ability to leverage strengths across more than one business

Reduced risk if any one business suffers a downturn