A ______________strategy is when a company decides to introduce new product lines.
A)concentration
B)diversification
C)integration
D)combination

Question

Quizplus · Accepted Answer

Diversification strategy involves expanding a company's operations by introducing new products or services. This is unlike concentration strategy, which focuses on expanding within the existing product or service line of a company. Integration strategy is about bringing together different parts of the same company, while combination strategy involves merging with or acquiring other companies.

A ______________Strategy Is When a Company Decides to Introduce New