3. Corporate-level Strategies Use your knowledge of diversification to select the words or phrases that best complete the following sentences, When a company purchases another business that does something different from what the purchasing company does, the purchasing company is using a strategy of related diversification OPEN Shutterstock Images Pretend that you own a small coffee shop. You have decided that this year is a good time to grow your business, and you have chosen to do so by acquiring another coffee shop one town over. This is an example of Managers often considera strategy when deciding whether diversification is the right approach for their company