Ask Question
24 June, 13:01

Groundswell Industries, a U. S.-based large conglomerate, competes in the hospitality, education, telecommunications, entertainment, airlines, and chemical industries. It currently operates in about 30 nations, and is planning to expand its portfolio by investing in rapidly developing countries. Which of the following strategies is Groundswell Industries pursuing?

(A) zone pricing

(B) niche marketing

(C) product-market diversification strategy

(D) process diversification strategy

+5
Answers (1)
  1. 24 June, 13:30
    0
    Answer: Option C

    Explanation: In simple words, diversification refers to allocating capital in such a way that the risk of of loosing it due to one particular asset reduces.

    In the given case, Groundswell is product - market diversification as they are investing their capital in different products and different countries. Thus reduces their risk exposure overall.

    Hence from the above we can say that the correct option is C.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Groundswell Industries, a U. S.-based large conglomerate, competes in the hospitality, education, telecommunications, entertainment, ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers