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Sagot :
The form of corporate growth used to minimize shocks in specific markets, exemplified by general electric when it entered markets for appliances, x-ray machines, and elevators, is known as Diversification.
A corporation that uses diversification as a corporate development strategy creates new goods and services or enters other markets in addition to its current ones. A diversification strategy can help a struggling company get back on track or help already successful businesses grow even more.
By making investments in many sectors that would each respond to the same occurrence differently, it seeks to limit losses. Diversification is the most crucial element of achieving long-term financial goals while avoiding risk, according to the majority of investing specialists, even though it does not guarantee loss.
In other words, it entails making investments in various businesses. There are many advantages to investing in multiple businesses, but it may also be quite hazardous.
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