3693EconomicsMedium
If a company (considering its options on the product/market expansion grid) chooses to move into different unrelated fields (from what it ha ever done before) with new products as a means to stimulate growth the company would be following which of the following general strategies?
Amarket development
Bproduct development
Cdiversification
Dmarket penetrations
Correct answer
C. diversification
Explanation
The correct answer is diversification.