Firms that use a related diversification strategy are more vulnerable to economic threats than firms using a single-business strategy.

Name: Firms that use a related diversification strategy are more vulnerable to economic threats than firms using a single-business strategy.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Firms using a related diversification strategy spread their risks across different products or markets, which can actually make them more resilient to economic threats compared to firms focused on a single business strategy.

Firms That Use a Related Diversification Strategy Are More Vulnerable