Question

Given below are two statements:

Statement I: 'Diversification' means adding new lines of business.

Statement II: Differentiation means creating specialized products that gain competitive advantage with a particular segment of the market.

In light of the above statements, choose the correct answer from the options given below

A Both Statement I and Statement II are true

B Both Statement I and Statement II are false,

C Statement I is true but Statement II is false

D Statement I is false but Statement II is true

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