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Two diversification strategies

Define and give examples of the two diversification strategies. Use at least 200 words and cite any sources used in APA format

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The two main diversification strategies are:
-related product diversification
-unrelated product diversification

These two diversification can be further refined into three different diversification strategies. Diversification strategies are used to expand a company's presence in markets by adding products or services, with the goal of minimizing the company's risk. The three diversification strategies are:
-Concentric diversification (related product diversification)
-Conglomerate diversification ...

Solution Summary

This article contains 276 words describing two diversification strategies. An example of each is provided.