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What is diversification of agriculture?

Diversification of agriculture refers to the practice of varying the types of crops and livestock produced on a farm or in a region. This approach can reduce risks associated with market fluctuations, pests, and diseases, as relying on a single crop or livestock type can be detrimental. Additionally, diversification can enhance soil health, improve ecosystem resilience, and provide farmers with multiple sources of income. Overall, it promotes sustainability and food security by creating a more balanced agricultural system.


When is a company likely to choose related diversification and unrelated diversification?

Hell to the prof


What is agricultural diversification?

Agriculture diversification refer to the policy of a country to change the production of one major crop


What is difference between vertical integration and diversification?

Diversification is when someone's tight clit is sniffed and integration is when the clit is jizzed on


The difference between concentric diversification and conglomerate diversification?

Concentric diversification occurs when a firm adds related products or markets. The goal of such diversification is to achieve strategic fit. Strategic fit allows an organization to achieve synergy. In essence, synergy is the ability of two or more parts of an organization to achieve greater total effectiveness together than would be experienced if the efforts of the independent parts were summed. Conglomerate diversification occurs when a firm diversifies into areas that are unrelated to its current line of business. Synergy may result through the application of management expertise or financial resources, but the primary purpose of conglomerate diversification is improved profitability of the acquiring firm. Little, if any, concern is given to achieving marketing or production synergy with conglomerate diversification.

Related Questions

What has the author James M MacDonald written?

James M MacDonald has written: 'Food procurement by USDA's Farm Service Agency' -- subject(s): Food prices, Food relief, Government purchasing, Procurement, United States, United States. Farm Service Agency 'Product diversification trends in U.S. food manufacturing' -- subject(s): Food industry and trade, Agricultural processing industries, Farm produce, Diversification in industry


What are diversification?

Different diversification rates for two clades of animals.


What is the most profitable form of farm diversification?

Franchising is a profitable form of carrying out firm diversification. The identity of the firm and its standard procedures are maintained but the franchisee commits a certain amount of money to set up a venue and trade in the franchiser's business model. Franchising can allow a business to quickly expand in a foreign territory.


What is supplemental diversification?

Different diversification rates for two clades of animals


What are Diversification Rates?

Different diversification rates for two clades of animals.


When is a company likely to choose related diversification and unrelated diversification?

Hell to the prof


What is related diversification?

Related diversification occurs when a company expands its existing products or markets.


What are the major advantage and disadvantage of concentric diversification?

what are the major advantage and disadvantage of concentric diversification?


Does Google apply unrelated diversification?

Google applies many different types of diversification.


When did Nepal start trade diversification?

5 years plan Nepal adopted trade diversification


What is agricultural diversification?

Agriculture diversification refer to the policy of a country to change the production of one major crop


What is concentric diversification?

concentric diversification Type of diversification where a firm acquires or develops new products or services (closely related to its core business or technology) to enter one or more new markets.