According to the Grand Strategy Matrix, when a Quadrant I firm is too heavily committed to a single product, then related diversification may reduce the risks associated with a narrow product line.

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The Grand Strategy Matrix suggests that Quadrant I firms, which are successful and have a strong competitive position in a single product or market, should consider related diversification to reduce risks associated with a narrow product line. This diversification can help the firm to expand its offerings while leveraging its existing strengths and capabilities. Therefore, the statement is true.

According to the Grand Strategy Matrix, When a Quadrant I