Groundswell Industries, a U.S.-based large conglomerate, competes in the hospitality, education, telecommunications, entertainme

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2 years ago

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Groundswell Industries, a U.S.-based large conglomerate, competes in the hospitality, education, telecommunications, entertainme

nt, airlines, and chemical industries. It currently operates in about 30 nations, and is planning to expand its portfolio by investing in rapidly developing countries. Which of the following strategies is Groundswell Industries pursuing?(A) zone pricing(B) niche marketing(C) product-market diversification strategy(D) process diversification strategy

Business

1 answer:

OLga [1] · Answer 1 · 2022-05-19T06:31:57+03:00

Answer:C. Product-market diversification strategy

Explanation: Product-market diversification strategy is a business strategy where a company invests in different product lines like FOOD,MEDICALS, ENGINEERING,CEMENT etc and in different markets. This will make the Business organisation to be very versatile and able to over come certain harsh economic conditions. Many international and multinational companies have pursued this strategy to enhance their overall business growth and development.