Diversification is the addition of product or service offerings beyond your core product or service.

Question

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Diversification is the act of expanding your product or service offerings beyond your core product or service. This can be done by adding new product lines, expanding into new markets, or offering complementary services to your existing offerings. Diversification allows businesses to explore new revenue streams and mitigate risk by not relying solely on one product or service.

Diversification Is the Addition of Product or Service Offerings Beyond