The set of businesses that share similar strategies within a diversified company is called a: strategic business unit.
A strategic business unit can be defined as a sub-unit or independent department of a diversified, fully funtional organization with a specific target market, vision, mission, and objectives.
Good examples of a diversified company with strategic business units are LG, Proctor and Gamble, etc., which have different product categories.
Therefore, the set of businesses that share similar strategies within a diversified company is called a: strategic business unit.
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