A firm that uses a diversification strategy to sell a new product that is related to its core business would most likely benefit from ________.

Name: A firm that uses a diversification strategy to sell a new product that is related to its core business would most likely benefit from ________.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Brand recognition is a key advantage for a firm diversifying into areas related to its core business, as the established reputation can be leveraged to gain customer trust and acceptance for the new product.

A Firm That Uses a Diversification Strategy to Sell a New