Firms using _____ strategies are those that enter entirely new industries.
A) concentration
B) retrenchment
C) diversification
D) market penetration
E) divestment

Name: Firms using _____ strategies are those that enter entirely new industries. A) concentration B) retrenchment C) diversification D) market penetration E) divestment
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Question

Quizplus · Accepted Answer

Diversification strategies involve entering new industries, which is different from focusing on existing markets or products.

Firms Using _____ Strategies Are Those That Enter Entirely New