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Select the new industry that you think would be a good fit for your company.
Automotive Industry
Now use the space below to discuss why your company should consider diversifying
into your selected industry. Your response should be about 3-4 sentences in length.
Be sure to answer the following questions: Prior to doing your research and analysis,
what are your thoughts about how your company could expand to take on this new
industry? What questions do you have regarding where to get the information and data
required for the projects? Do you think this industry will have adequate data available for
your research and data collection?

Respuesta :

jaquelinefvr

An automotive industry should consider diversifying its area of ​​activity to increase awareness and generate value for its stakeholders, achieving competitive advantage.

What is company diversification?

It corresponds to a strategy of implementing actions to expand the company's lines of activities to obtain greater development of products and services, increasing market positioning.

Therefore, a company in the automotive sector must carry out in-depth market research to identify the needs and desires of the potential consumer, in order to diversify its products in an innovative and creative way in relation to competitors.

Find out more information about diversification here:

https://brainly.com/question/417234

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