__________ diversification occurs when a firm adds unrelated goods or services to its line of business.
A) Related
B) Horizontal
C) Conglomerate
D) Backward

Name: __________ diversification occurs when a firm adds unrelated goods or services to its line of business. A) Related B) Horizontal C) Conglomerate D) Backward
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Question

Quizplus · Accepted Answer

Conglomerate diversification occurs when a firm expands into areas that are unrelated to its current line of business, often to reduce risks associated with being in a single market.

__________ Diversification Occurs When a Firm Adds Unrelated Goods or Services