3 years ago

When a company expands by entering new business areas, it is called growth through __________?

1 answer:

7 0

When a company expands by entering a new business area, it is called growth through diversification.

Diversity is the means of being different, new, exciting.. something not like another. When a business enters something new, it's called diversification because it's not like what they've done before. With this comes risk but huge growth potential.

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