Diversification occurs when a corporation goes into related or unrelated lines of products.

Name: Diversification occurs when a corporation goes into related or unrelated lines of products.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Diversification refers to a business strategy where a company expands its operations in different product lines, either related or unrelated to its existing business. This allows the company to spread its risk and revenue streams across different markets and product categories.

Diversification Occurs When a Corporation Goes into Related or Unrelated