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motikmotik
2 years ago
10

______ refers to an increase in the variety of products and services a firm offers or markets and the geographic regions in whic

h it competes.
Business
1 answer:
N76 [4]2 years ago
6 0

The increase in the variety of products and services a firm offers or markets and the geographic regions in which it competes refers to diversification.

<h3>What is diversification?</h3>

Diversfication is the process by which a firm increases the product offerings to its customers in a particular region. The purpose of diversification is to increase the options avaiable to customers, increase profit margin and increase market share.

To learn more about diversification, please check: brainly.com/question/321207

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