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Earn +20 ptsQ: Examples of diversification
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What is the difference between diversification and expansion?
expansion
What is product diversification?
The process of expanding business opportunities through additional market potential of an existing product. Diversification may be achieved by entering into additional markets and/or pricing strategies.
What is diversification strategies of reliance industry?
Reliance is pursuing unrelated diversification strategy, it is conglomerate and has expanded into various markets; namely power sector, telecommunications, infrastructure, retail etc.
Why does the firm use diversification strategy?
Diversification allows for firms to move away from relying on single brand/service lines. It also allows for them to survive by adapting to changing markets and demographics.
The main advantage of diversification as an investment policy is that it?
Reduces risks to investors
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