Question

how does consumer encourage product diversification?​

Answer 1

Answer:

The most straightforward way to diversify is to expand the product range you already offer. This is known as horizontal diversification. Usually, the new products are closely related to the current core business, for example: A toothpaste manufacturer adds toothbrushes to its product line.

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Answer 2

Answer:

The most straightforward way to diversify is to expand the product range you already offer. This is known as horizontal diversification. Usually, the new products are closely related to the current core business, for example: A toothpaste manufacturer adds toothbrushes to its product line.

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