Steve's Pits manufactures barbeque smokers for many customer segments at many price points, including a small patio smoker, several mid-range smokers including pellet smokers, offset smokers, and even a pull-behind large trailer smoker for caterers and competition barbequers. Steve's Pits focuses on analyzing and lowering costs throughout their value chain. They entered the market after seeing how popular barbequeing has become because of several popular television shows. They usually offer a lower-priced product to their customers with basic, but reliable features. They recently acquired their own barbeque pellet manufacturing company (tiny pellets of wood that get used in some smokers), and hope to utilize common marketing/sales channels across those business units to reduce costs. What kind of business-level strategy does Steve's Pits utilize

Stocks a, b, and c are similar in some respects: each has an expected return of 10% and a standard deviation of 25%. stocks a and b have returns that are independent of one another; i.e., their correlation coefficient, r, equals zero. stocks a and c have returns that are negatively correlated with one another; i.e., r is less than 0. portfolio ab is a portfolio with half of its money invested in stock a and half in stock b. portfolio ac is a portfolio with half of its money invested in stock a and half invested in stock c. which of the following statements is correct? a. portfolio ab has a standard deviation that is greater than 25%.b. portfolio ac has an expected return that is less than 10%.c. portfolio ac has a standard deviation that is less than 25%.d. portfolio ab has a standard deviation that is equal to 25%.e. portfolio ac has an expected return that is greater than 25%.