Using a broad scope strategy helps to reduce the risk of market uncertainty.

Name: Using a broad scope strategy helps to reduce the risk of market uncertainty.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A broad scope strategy involves diversifying a company's operations across multiple industries, markets, and products/services. By doing so, the company is less vulnerable to market fluctuations in any one area, reducing the risk of uncertainty. Therefore, the statement is true.

Using a Broad Scope Strategy Helps to Reduce the Risk