Multiple product lines allow a company to grow more rapidly and minimize the consequences of slow sales in any one product line.

Name: Multiple product lines allow a company to grow more rapidly and minimize the consequences of slow sales in any one product line.
Brand: Quizplus
Rating: 4.9 (44 reviews)

Question

Quizplus · Accepted Answer

By having multiple product lines, a company can diversify its revenue streams and reduce its reliance on a single product. This can lead to more stable revenue growth and help mitigate the impact of slow sales in one particular product line.

Multiple Product Lines Allow a Company to Grow More Rapidly