Asked by
Nathen Hadgu
on Nov 06, 2024
Verified
Anyx Inc., an electronics firm, manufactures home appliances as well as automobile engines. It also owns and operates an insurance firm and a software development firm. Which of the following strategies does Anyx Inc. use?
A) The diversification strategy
B) The turnaround strategy
C) The retrenchment strategy
D) The stability strategy
Diversification Strategy
A business growth strategy where a company expands its operations into new markets or product lines to reduce risks and take advantage of new opportunities.
- Detect methods applied by organizations when responding to changing market environments and competition levels.
Verified Answer
AO
Learning Objectives
- Detect methods applied by organizations when responding to changing market environments and competition levels.
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