1
Question
What is meant by diversification?
What is meant by diversification?
Open in App
Solution
Diversification occurs when a business develops a new product or expands into a new market in order to manage or minimise risks caused by economic downturns or changes in government policies.
Diversification occurs when a business develops a new product or expands into a new market in order to manage or minimise risks caused by economic downturns or changes in government policies.
Suggest Corrections
5
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
