answersLogoWhite

0

The combining of businesses that produce wildly dissimilar products into or under one organization is known as diversification. This strategy allows companies to expand their market reach and minimize risks by spreading investments across different industries. Diversification can take the form of mergers or acquisitions and is often pursued to enhance growth potential and leverage synergies between unrelated business segments.

User Avatar

AnswerBot

1w ago

What else can I help you with?

Related Questions

What are retail businesses?

Businesses that sell to the public, vs. businesses that sell their products to other businesses which then redistribute the products to the public.


What is the meaning of special product?

Special product is the process of combining factors to form products.


How can a non-profit organization effectively sell products to support its mission and goals?

A non-profit organization can effectively sell products to support its mission and goals by creating a strong marketing strategy, partnering with businesses for distribution, utilizing online platforms for sales, and emphasizing the impact of purchases on the organization's cause.


What products are offered online by NetSuite company?

NetSuite offers different web-based software for business organization, real-time management for global businesses, control for project-based businesses, and a customizable cloud platform.


Importance of stores in an organization?

Retail stores help businesses get their products in the hands of consumers quickly. With a retail store, consumers don't have to wait on items to be delivered.


What do you mean by a Business?

A private organization - proprietorship, partnership, co-op, or corporation - established to sell products and or services for revenue. A fraction of businesses are designed to make no profit but only cover costs.


What do you mean by business?

A private organization - proprietorship, partnership, co-op, or corporation - established to sell products and or services for revenue. A fraction of businesses are designed to make no profit but only cover costs.


Where can one find Ethernet products for industrial businesses?

When looking for Ethernet products for Industrial businesses, the Cisco website is a good place. They have what they call the perfect products for industrial Ethernet applications.


What is gained by the organization of products by use?

The organization of products by use helps in the identification of prospective users and the design of strategies to reach them.


How can you find business directory for businesses in Africa that buys beauty products from the US?

"How can you find business directory for businesses in Africa that buys beauty products from the US?"


How does values affect the business processes?

Value helps businesses attract customers. The more value businesses add to their products, the more their products will sell in the market.


Combining tobacco products with alcohol does not increase your risk of cancer of the esophagus?

False