An advantage of related diversification is that it allows a company to quickly gain entry into a new industry where barriers are high.

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Related diversification involves entering into a new industry that is related or similar to the company's existing industry. This can provide advantages such as utilizing existing resources, knowledge, and capabilities. Additionally, if barriers to entry are high in the new industry, related diversification can allow a company to quickly gain entry and potentially establish a competitive advantage.

An Advantage of Related Diversification Is That It Allows a Company