Question: The three tests for a diversification effort are the industry attractiveness test, the cost-of-entry test, and the better-off test. True False Question 5 3 pts

The three tests for a diversification effort are

The three tests for a diversification effort are the industry attractiveness test, the cost-of-entry test, and the better-off test. True False Question 5 3 pts Unrelated diversification involves diversifying into businesses that have no competitively valuable value chain match-ups with existing businesses, but they must have strategic fits with the value chain of the firm's existing businesses. True False Question 6 3 pts Economies of scope and economies of scale are virtually interchangeable. True False

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