__________is creating or acquiring companies that share similar products, manufacturing, marketing, technology, or cultures. Group of answer choices Product positioning Retrenchment Market targeting Related diversification

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10-03-2020
Business

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__________is creating or acquiring companies that share similar products, manufacturing, marketing, technology, or cultures. Group of answer choices Product positioning Retrenchment Market targeting Related diversification

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nkeirukaokoro29 nkeirukaokoro29 · Answer 1 · 2020-03-15T05:07:32+01:00

Answer: Related diversification

Explanation: Related diversification is a type of diversification that is mostly used by small companies as it poses a smaller possibility that the business will fail. In this type of diversification, the firm begins producing a new commodity or goes into a new state of marketing associated with its commodities by manufacturing products or services that provide additional features to their existing goods or services so as to improve their quality.