Unrelated diversification occurs when an organization expands into a totally new line of business.

Name: Unrelated diversification occurs when an organization expands into a totally new line of business.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Unrelated diversification involves expanding into a new line of business that is not related to the organization's existing products or services. This can be a risky strategy as it may require significant resources, expertise, and market knowledge outside of the organization's traditional focus.

Unrelated Diversification Occurs When an Organization Expands into a Totally