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Which of the following is an example of related diversification?

A) Purchasing from different vendors
B) Operating in similar locations
C) Targeting another market segment
D) Using a newer medium for advertising
E) Developing a management information system

1 Answer

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Final answer:

Related diversification is exemplified by targeting another market segment within the company's current industry.

Step-by-step explanation:

Related diversification refers to a business strategy where a company enters new markets or industries that are related to its existing products or services. An example of related diversification is targeting another market segment. This means that the company expands its products or services to cater to a different group of customers within its current industry. For instance, if a clothing company starts selling children's clothing in addition to its existing line of adult clothing, it would be an example of related diversification.

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