Disney movies were available on Netflix in the past but Disney has now launched its own streaming service, Disney Plus. This is an example of

1. international expansion
2. backward integration
3. unrelated diversification
4. forward integration

Portfolio management in corporate strategy is important as it manages various lines of business in differing industries. Which of the following is NOT a reason why portfolio management is important in corporate strategy?

1. Profitability, growth, and cash flow of businesses can complement each other
2. It reduces risk by not putting all the eggs in one basket
3. It offers strategic alternatives for each business
4. It offers ways to increase market share