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The Bank of New York bought Pershing, an off-shore investment firm with operations in India, from Credit Suisse First Boston. The Bank of New York

The Bank of New York bought Pershing, an off-shore investment firm with operations in India, from Credit Suisse First Boston. The Bank of New York is pursuing a ________.

a. downsizing strategy

b. product adaptation

c. diversification strategy

d. product development strategy

e. market penetration strategy

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