Diversification occurs when an organization chooses to add a new business unit to its portfolio of businesses.

Name: Diversification occurs when an organization chooses to add a new business unit to its portfolio of businesses.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Diversification is a strategy where a company expands its operations by adding new markets, products, services, or stages of production to its existing portfolio, often to spread out risk and opportunities for growth. Adding a new business unit is a form of diversification.

Diversification Occurs When an Organization Chooses to Add a New