1. State and describe in detail, the action (strategy) undertaken…1. State and describe in detail, the action (strategy) undertaken by Hewlett-Packard (HP) when it realized it made a mistake by acquiring PC Maker – Compaq. FYI, this action (strategy) was adopted as part of the restructuring of HP at the time.2. State and describe in detail, the criteria for diversification into a new business.3. State and describe the concept of a “strategic fit” in a merger and acquisition (M&A). Provide an example to demonstrate your understanding of the concept.Business Management BUMT 3720

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