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 Correct Answer Incorrect Answer
    B Both Statement I and Statement II are false, Correct Answer Incorrect Answer
    C Statement I is true but Statement II is false Correct Answer Incorrect Answer
    D Statement I is false but Statement II is true Correct Answer Incorrect Answer

    Solution

    The correct answer is A

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