Question: Define/Explain the strategy of corporate diversification. Then explain the differences between and compare the advantages and disadvantages of related and unrelated diversification? Explain why the

Define/Explain the strategy of corporate diversification. Then explain the differences between and compare the advantages and disadvantages of related and unrelated diversification?
Explain why the decision to diversify needs to pass each of the following tests:
Industry Attractiveness Test:
Cost of Entry Test:
Better-off Test:

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