Asked by
Jared Jenkins
on Oct 30, 2024
Verified
A diversified market offers a variety of services to two or more customer segments with different needs and problems,which bear no relationship to each other.
Diversified Market
A market strategy that involves a company extending its reach into several different lines of business in an effort to reduce risk.
- Identify the distinct market segments and comprehend their significance in formulating business strategies.
- Understand the concept of multisided markets and their dynamics.
Verified Answer
EM
Learning Objectives
- Identify the distinct market segments and comprehend their significance in formulating business strategies.
- Understand the concept of multisided markets and their dynamics.
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