Acquisition is an attractive approach for companies seeking diversification into another industry because

A. It is quicker than trying to launch a brand-new operation, offers an effective way to hurdle entry barriers, and allows the acquirer to move directly to the task of building a strong position in the target industry

B. Is less expensive, less risky and more effective than launching a new startup operation

C. It is not time-consuming and allows the firm to realize great profits in the end

D. Due diligence and integration can be done easily and at low cost

E. It satisfies all three diversity tests (industry attractiveness test, cost-of-entry test, better-off test) to grow shareholder value over the long term