Ask Question
2 June, 11:56

Greyzone, a company that creates customized furniture, is based in Terrania, but is looking to enter other countries as well. The company identifies the country of Nyevka as a good option, as the entry barriers to new companies are low. Which of the following would most indicate that Greyzone is following a diversification strategy?

+4
Answers (1)
  1. 2 June, 12:01
    0
    Noting that Nyevka lacks well-established suppliers of office equipment, Greyzone begins to supply these products.

    Explanation:

    Diversification is the process by which a company increase its product offerings.

    Greystone is into production of furniture, and is looking at the possibility of beginning operations in Nyevka.

    If Greystone notes that Nyevka lacks well-established suppliers of office equipment and begins to supply these products, it is diversifying its product base.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Greyzone, a company that creates customized furniture, is based in Terrania, but is looking to enter other countries as well. The company ...” 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