The more different types of plants there are to eat the more different types of animals will adapt and speciate to eat them. Look at the adaptive radiation of Darwin's finches. The varieties of...
reducing risk of relying on only one or few income source avoid cyclical or seasonal fluctuation by producing goods or services with different demand achieving a higher growth rate
Concentric diversification occurs when a firm adds related products or markets. The goal of such diversification is to achieve strategic fit. Strategic fit allows an organization to achieve synergy....
concentric diversification
Type of diversification where a firm acquires or develops new products or services (closely related to its core business or technology) to enter one or more new markets.