ExamVeda
Login
Home

The Reasons for diversification is

This question belongs to Management Strategic Management
Strategic Management
?

The Reasons for diversification is:

Answer & Solution
Correct Answer: Option B
The Reasons for diversification is to increase organizational capabilities. Diversification strategies are used to expand firms' operations by adding markets, products, services, or stages of production to the existing business. The purpose of diversification is to allow the company to enter lines of business that are different from current operations.
Examveda
Question posted by Examveda
Community

Join the Discussion

No comments yet Be the first to discuss this question.
Keep Learning

Related Questions on Strategic Management

Strategy is developed by the visionary chief executive in ___________ mode of strategic management
A. planning mode B. adaptive mode C. strategic mode D. entrepreneurial mode
Stability strategy is a ____________ strategy
A. corporate level B. business level C. functional level D. strategic level
What are the means by which long term objectives will be achieved?
A. Strategies B. Policies C. Strength D. Opportunities
Marketing strategy is a ___________ type of strategy
A. business level B. Growth strategy C. corporate strategy D. functional strategy
More Related Questions on Strategic Management