Analyse how you would determine whether the combined value of a company?s diversified businesses is greater to the company than each of the individual businesses. Provide reasons for your analysis. Conduct your own research to choose a company with diversified businesses. Describe the company. Is the combined value of the company?s businesses greater or less than the value of each of the individual businesses? Explain how you determined its combined and/or individual value. You need to support your answers in parts (a) and (b) with quantitative and qualitative research. You are NOT required to do a full DCF valuation for part Conduct your own research on Woolworths Limited in order to address the following questions: (a) Do you believe that the combined value for Woolworths Limited of its businesses is* greater than the value of each of the individual businesses? Justify*your opinion. Why do you think Woolworths Limited has pursued a diversification strategy? Refer to pages 244?246 of the textbook and conduct further research, then explain your conclusion. Explain your choice. (14 marks) (c) What type of diversification has Woolworths? adopted? Explain its key features and why you think this type of diversification was chosen. Support your answer with a diagram that shows the relationship of the businesses. (14 marks) (d) Assess the level of success you think Woolworths has achieved from diversification of its businesses.