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podryga [215]
3 years ago
10

explain how mtumi can apply concentric, horizontal and conglomerate diversification. give examples to support your answer

Business
1 answer:
mel-nik [20]3 years ago
3 0
A concentric diversification strategy allows a firm to produce similar products to an already established business. Let us say that a computer company, producing computers using towers, now starts to produce laptops.
Horizontal diversification allow a firm to start exploring other zones in terms of product manufacturing. If a company that used to produce television, now starts producing refrigerators, dryers etc. it's using horizontal diversification.
As for the conglomerate diversification strategies, this is where companies will look to enter a previously untapped market. So they want to move to a new industry.
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