Diversification is usually associated with the grand strategy of
A) stability.
B) retrenchment.
C) internal growth.
D) external growth.
E) divestiture.

Question

Quizplus · Accepted Answer

Diversification is usually associated with the grand strategy of external growth. This strategy involves expanding a business by acquiring or merging with other companies in different industries or markets to diversify the company's product or service offerings. The goal is to reduce risk by not relying on a single product or market, and to take advantage of new growth opportunities.

Diversification Is Usually Associated with the Grand Strategy of