Question
Anna and Martha own and manage A&M, a limited liability corporation (LLC) that provides a wide array of services: mailing, notary services, packaging and pickup
Anna and Martha own and manage A&M, a limited liability corporation (LLC) that provides a wide array of services: mailing, notary services, packaging and pickup for UPS and FedEx, as well as faxing and document scanning. Anna and Martha have asked you, as their consultant, to consider whether or not they might want to diversify into financial planning due to the increasing number of retirees moving into their community. How would you advise Anna and Martha to proceed? A) A&M needs to develop a corporate-wide strategy. B) A&M needs to develop a multiline strategy. C) A&M needs to consider diversification opportunities into financial planning if the company has encountered diminishing market opportunities and stagnating sales in its principal business. D) A&M needs to remain on course, but only if this single-business company can achieve profitable growth opportunities in its present industry. E) A&M needs to remain on course, but only if it can generate enhanced market opportunities and increasing sales in its principal business.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started