Which of the following strategies involves entering a completely new domain?
A) Market penetration
B) Product development
C) Market development
D) Unrelated diversification

Question

Quizplus · Accepted Answer

Unrelated diversification involves entering a completely new domain, often a new industry or market that is not related to the company's current business. This strategy allows for potentially higher returns but also carries more risk as the company does not have existing knowledge or experience in the new domain.

Which of the Following Strategies Involves Entering a Completely New