Question

______ achieves company growth by starting up or acquiring businesses outside the company's current products and markets.

a. Product development
b. Market development
c. Market penetration
d. Diversification

Answer 1

Diversification achieves company growth by starting up or acquiring businesses outside the company's current products and markets.

Step-by-step explanation:

Diversification achieves company growth by starting up or acquiring businesses outside the company's current products and markets.

Diversification allows a company to explore new opportunities and minimize risks by entering new markets and diversifying its product portfolio. This strategy can help a company generate additional revenue streams and reduce its dependence on a single market or product.