Ask Question
BusinessBusiness
23 November, 12:27

Which of the following is closely associated with the diversification strategy?

a. Selling modified products to the same customers

b. Entering new markets with little competition

c. Increasing overhead production costs

d. Decreasing the prices of existing products

+4
Answers (1)
  1. 23 November, 12:39
    0
    Answer: b

    Explanation:

    Diversification strategies are used to expand firms' operations by adding markets, products, services, or stages of production to the existing business. The purpose of diversification is to allow the company to enter lines of business that are different from current operations. When the new venture is strategically related to the existing lines of business, it is called concentric diversification. Conglomerate diversification occurs when there is no common thread of strategic fit or relationship between the new and old lines of business; the new and old businesses are unrelated.

    Diversification is a form of growth strategy. Growth strategies involve a significant increase in performance objectives (usually sales or market share) beyond past levels of performance.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following is closely associated with the diversification strategy? a. Selling modified products to the same customers b. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
You have $100,000 to invest in either Stock D, Stock F, or a risk-free asset. You must invest all of your money. Your goal is to create a portfolio that has an expected return of 10.6 percent. Assume D has an expected return of 14.
Answers (1)
Which ICS functional area tracks resources, collects and analyzes information, and maintains documentation? A. Planning B. Operations C. Logistics D. Finance / administration.
Answers (1)
What does the CIO of a company do?
Answers (1)
What early invention improved the transcontinental transportation of people and goods?
Answers (1)
The seller agrees to all terms of the offer presented, except that they want 72 hours before possession, not 48 hours as in the offer.
Answers (1)
New Questions in Business
Timothy works at Sunshine Mailing, a daily newspaper, and is responsible for editing the sports column. Chloe, Timothy's manager, asks him to handle the gossip column along with the sports column.
Answers (1)
Firms may experience diseconomies of scale when Group of answer choices average fixed costs begin to rise again. there are too few employees, and managers do not have enough to do. they are too small to take advantage of specialization.
Answers (1)
Two methods of analyzing potential capital investmentslong dashpayback and accounting rate of returnlong dashignore the time value of money. True False
Answers (1)
As the number of firms in an oligopoly market a increases, the market approaches the competitive market outcome. b decreases, the market approaches the cartel outcome. c increases, the market approaches the monopoly outcome.
Answers (1)
Which of the following properly links the factors affecting a firm's ability to generate cash with its need to use cash in financing? Ability to generate cash Need to use cash Answers: A. Sales of existing plant assets Plant capacity requirements B.
Answers (1)
Home » Business » Which of the following is closely associated with the diversification strategy? a. Selling modified products to the same customers b. Entering new markets with little competition c. Increasing overhead production costs d.
Sign Up Forgot Password?