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13 votes
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A sector is a diversified group of companies.
True or False

User Nate I
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1 Answer

30 votes
30 votes

Step-by-step explanation:

A diversified company is a type of company that has multiple unrelated businesses or products. A company may decide to diversify its activities by expanding into markets or products that are related to its current business.

For example, an auto company may diversify by adding a new car model or by expanding into a related market like trucks.

Diversified Industries covers a wide range of sub-sectors including Automotive, Transport & Logistics, Building Materials & Construction, Capital Goods, Business Services, Metals and Oil Field Services. Even the way industrial products are developed, manufactured and commercialized is changing. I would say the answer is True

User Inon Stelman
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