Q112
An organization that is diversifying its product line is exhibiting what type of growth strategy?
A.
stability
B.
retrenchment
C.
growth
AnswerD.
maintenance
Answer: Option C
Solution
Answer: Option C
Solution:
An organization that is diversifying its product line is exhibiting growth type of growth strategy. Diversification is a corporate strategy to enter into a new market or industry in which the business doesn't currently operate, while also creating a new product for that new market.