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17.There is no benefit of reducing transaction costs in the unrelated diversified industry portfolio, nor is there the possibility of expanding economies of scale and other areas of economic benefits.

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16.Economies of scope is the economic benefit brought by the expansion of scale due to sharing and the reduction of the cost of various activities per unit product.

15.The greater the difference in the entry of the same enterprise into the industry, or the smaller the correlation between the businesses in terms of technology, production, and market, the higher the degree of diversification.

14.If the vertical diversification of the enterprise is closer to the starting point of the industrial chain, that is, closer to the raw material suppliers, it adopts a backward integration strategy.

13.Relevant diversification strategy refers to achieving growth purpose by entering certain relevant industries.