MYTUTOR SUBJECT ANSWERS

161 views

What is product diversification?

Diversification is the name given to the growth strategy where a business markets new products in new markets. It is a risky strategy because the business is moving into a new area of a market in which it has little or no experience. A business therefore must have a clear idea about what it expects to gain from the strategy.

Robyn C. A Level Business Studies tutor, GCSE Design & Technology tut...

4 months ago

Answered by Robyn, an A Level Business Studies tutor with MyTutor


Still stuck? Get one-to-one help from a personally interviewed subject specialist

9 SUBJECT SPECIALISTS

£22 /hr

Harry C.

Degree: Business & Management (Bachelors) - Exeter University

Subjects offered: Business Studies, Geography+ 1 more

Business Studies
Geography
-Personal Statements-

“Hello! I'm Harry and I am currently studying a Business & Management degree at The University of Exeter. My friends would describe me as friendly and patient. I want to help you to do the very best you possibly can! During our tutorial...”

£22 /hr

Megan J.

Degree: BSc Business (Bachelors) - Lancaster University

Subjects offered: Business Studies, Extended Project Qualification+ 2 more

Business Studies
Extended Project Qualification
Economics
-Personal Statements-

“Who am I? I am a BSc Business student at Lancaster University, where it is within the top 10 and the management school is triple accredited. I have always been interested in the way the world ticks from policies and thier impacts to ...”

£20 /hr

Niall D.

Degree: Law and Business (Bachelors) - Warwick University

Subjects offered: Business Studies, ICT

Business Studies
ICT

“Hi! I’m a student of Law and Business at the University of Warwick, and achieved the highest A-Level grade for Business Studies in the UK. In the past, I’ve tutored Business Studies face to face, and have significant experience tutori...”

MyTutor guarantee

About the author

£22 /hr

Robyn C.

Degree: Business Management (Bachelors) - Cardiff University

Subjects offered: Business Studies, -Personal Statements-

Business Studies
-Personal Statements-

“Hi, my name is Robyn and I am a Business Management student at Cardiff University.  I am very patient and friendly and really enjoy teaching. I have been teaching Taekwondo since I was 15, so have a lot of experience teaching, with pe...”

You may also like...

Posts by Robyn

What is break even?

What is cash flow?

What is Factoring?

What is product diversification?

Other A Level Business Studies questions

Describe one way that labour turnover can be reduced

How do I structure my answers?

What is a PESTLE analysis and when are they used?

Why is the Product Life Cycle such a useful tool to use in business?

View A Level Business Studies tutors

Cookies:

We use cookies to improve our service. By continuing to use this website, we'll assume that you're OK with this. Dismiss

mtw:mercury1:status:ok