At Westonci.ca, we make it easy to get the answers you need from a community of informed and experienced contributors. Our platform provides a seamless experience for finding precise answers from a network of experienced professionals. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.
Sagot :
This is an example of the Diversification Growth Strategy.
What is a Diversification Growth Strategy?
A growth strategy known as diversification is expanding your business into a new market or industry while also developing a new product specifically for that market.
There are six well-known categories of diversification tactics:
- Vertical diversification
- Vertical diversity
- Diversity within a group.
- Diversification inside conglomerates.
- Diversifying defensively.
- Diversity in the offense.
The goal of diversification is to enable the corporation to enter business sectors that are distinct from its current operations.
By investing in assets that cover a variety of financial instruments, industries, and other categories, diversification lowers risk. While systematic or market risk is typically unavoidable, unsystematic risk can be reduced by diversification.
To know more about Growth Strategy refer to: https://brainly.com/question/14546783
#SPJ4
Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.
