domestic industry can be diversified through what?
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the Diversification TWG, the topic relates to production operations, industrial diversification, has to providing goods and services that appeal to multiple markets rather than focusing on a product line that appeals to mainly one market.
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Domestic industry can be diversified through Trade diversification.
Definition of diversification
Diversification is a business strategy that involves significantly diverse talents, technology, and expertise in order to enter new goods or product lines, new services, or new markets.
Methods to diversify domestic industry
- Trade diversification, quality improvement, and domestic production sectoral diversity are frequently connected.
- Economic diversification is frequently aided by trade.
- A diverse firm owns or operates in a number of unrelated industries.
Hence, trade diversification, quality improvement, and domestic production sectoral diversity are frequently connected.
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