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Thanks for the invitation
Agreed with the excellent discraption
given by the answer of Mr. Vinod Jetley
Mr. Jetley covers the topic comprehensively....... leaving no space to add further.
I can say, diversification is a risk management technique usually applies in an economic downturns to reduce or prevent the harms to the business.
In strategic marketing, entering into a newer market with a new product line is also classified into diversification.
AGREED WITH BOTH MR.VJ & NASIR HUSSAIN..........
Depending on the direction of company diversification, the different types are:
Agree with Mr. Vinod Jetley