PLEASE ANSWER ALL THREE QUESTIONS!

The three tests for judging whether a particular move to diversify into a new business can produce added long-term economic value for shareholders are the industry attractiveness test, the cost-of-entry test, and the better-off test. o the shareholder benefit test, the resource-capability test, and the cost-of-entry test. o the resource strength test, the growth test, and the profit test. o the industry attractiveness test, the competitive strength test, and the shareholder value test. o the strategic fit test, the competitive power test, and the revenue/profit growth test. In which of the following instances is diversifying into new businesses least likely to make good strategic sense for a single-business company? When a company has its hands full trying to capitalize on profitable growth opportunities in its present industry o When the company can leverage existing resources and capabilities by expanding into industries where these same resources and capabilities are key success factors and valuable competitive assets When diversifying into closely related businesses opens up new avenues for reducing costs o When a company has a powerful and well-known brand name that can be transferred to the products of other businesses and help drive the sales and profits of such businesses to higher levels When the company spots opportunities to expand into industries whose technologies and products complement its present business What makes related diversification an attractive strategy is the contribution to total profits that flows from having strong cross-business resource- capability fits, similar market opportunities, and similar core competencies. o superior ability to reduce business risk, increase return on investment, correct resource weaknesses, and increase resource fit. o the potential for reducing the volatility of the company's total profits and earnings per share. o the opportunity to convert cross-business strategic fits into competitive advantages over business rivals whose operations don't offer comparable strategic fit benefits. o the contribution to total profits that flows from broadening the company's product line and the increased ability to achieve superior cross business financial fits