The strategy of moving into new lines of business is called ______.
A)individuation
B)differentiation
C)acquisition
D)expansion
E)diversification

Question

Quizplus · Accepted Answer

Moving into new lines of business is commonly known as diversification. Diversification is a strategy aimed at spreading risk across different businesses or industries. It helps companies to expand their operations, reduce dependence on certain products or markets, increase revenue, and gain a competitive advantage.

The Strategy of Moving into New Lines of Business Is