Statement (II) : Divestment is usually a part of rehabilitation or restructuring plan and is adopted when a turn around has been attempted but has proven to be unsuccessful. Statement (III) : Combination strategies are the simple solutions that strategists have to offer when faced with the challenges of real life business.  

(a) What businesses should a diversified corporation own and why ; and (b) What organizational structure, management processes, and philosophy will foster superior performance from the corporation’s individual business units, is known as :

(a) Plan       (b) Problem   (c) Pattern  (d) Position   (e) Ploy     (f) Perspective

Reasoning (R) : The fundamental basis of average profitability in the long run is sustainable competitive advantage.