Question: When a diversification strategy has resulted in resources and management attention being stretched too thin, which of the following is the most appropriate strategic move?

When a diversification strategy has resulted in resources and management attention being stretched too thin, which of the following is the most appropriate strategic move?

Multiple choice question.

sticking closely with the existing business lineup until the economy improves enough to consider selling

divesting some businesses and retrenching to a narrower diversification base

making acquisitions to purchase positions in new industries with high growth prospects

broadening the diversification base to bring in more revenue and profits to fund existing businesses

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