________ occurs when a firm invests in different types of businesses or products or when it expands geographically to reduce its dependence on a single market or technology.
A)Domain selection
B)Diversification
C)Acquisition
D)Divestiture
E)Empowerment

Question

Quizplus · Accepted Answer

Diversification occurs when a firm invests in different types of businesses or products or when it expands geographically to reduce its dependence on a single market or technology. This strategy can help reduce risk and increase long-term profitability.

________ Occurs When a Firm Invests in Different Types of Businesses