Final answer:
The statement regarding diversification strategy as it relates to creating new products and new markets, often with high risk, is true. It crucially points to expanding a company's operations into areas beyond its current range, representing both a risk and a growth opportunity.
Step-by-step explanation:
The statement that diversification strategy involves creating new products and new markets, which can represent the highest risk for a company like Disney, is generally considered true. Diversification is a business growth strategy that helps a company expand its operations into new areas different from its current activities. It often implies entering industries or markets where the company didn't previously operate, which can significantly increase the risk due to unfamiliarity with the new sectors, market dynamics, consumer behaviors, and regulatory environments.
However, it can also create significant new opportunities if done successfully. As an example, conglomerates diversify across different industries, and franchises, like McDonald's, take a different approach to business expansion by offering similar products or services across various locations.