Which firms in low-growth and cash-flow rich industries could have been tempted by diversification?

Question

Quizplus · Accepted Answer

Oil and tobacco firms are examples of low-growth and cash-flow rich industries that could have been tempted by diversification. These firms may have surplus cash and limited growth opportunities in their core business, leading them to seek out diversification opportunities to maintain growth and profitability.

Which Firms in Low-Growth and Cash-Flow Rich Industries Could Have