The procedure for evaluating a diversified company's strategy involves all of the following steps except

Multiple Choice

• checking whether the firm's resources fit the requirements of its present business lineup.

• assessing the competitive strength of each business the company has diversified into and determining which ones are strong or weak contenders in their respective industries.

• ranking the performance prospects of the various businesses from best to worst and determining what the corporate parent's priorities should be in allocating resources to its different businesses.

• checking the competitive advantage potential of cross-business strategic fit among the company's various business units.

• a determination of the degree of risk involved with each business unit.