Difference between diversification and expansion and growth
Answers
mark brilliant me....
Expansion through Diversification. Definition: The Expansion through Diversification is followed when an organization aims at changing the business definition, i.e. either developing a new product or expanding into a new market, either individually or jointly.
As nouns the difference between expansion and growth
is that expansion is the act or process of expanding while growth is an increase in size, number, value, or strength.
Answer:
●When a business enterprise increases the variety and catalogue of the products offered by it, the process involved is called diversification of business enterprise.
●Expansion of a business enterprise is the increase in the consumer base served by an enterprise over a period of time.
Hope it helps you
Read more on Brainly.in - https://brainly.in/question/1416450#readmore
Explanation: