A diversification strategy entails increasing sales by introducing new products into new markets.

Name: A diversification strategy entails increasing sales by introducing new products into new markets.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A diversification strategy involves expanding a company's range of products or services into new markets in order to increase sales and revenue. This can be done through new product development or acquisition of other businesses.

A Diversification Strategy Entails Increasing Sales by Introducing New Products