Diversification into new industries deserves strong consideration when a

$(2\mathrm{.}5$pts$)$

Question $1-$ Diversification into new industries deserves strong consideration when a

single$-$business company needs to develop a corporate$-$wide strategy

single$-$business company can achieve profitable growth opportunities in its present industry

single$-$business company needs to develop a multi$-$line strategy

multiple$-$business company encounters enhanced market opportunities and increasing sales in its principal business

single$-$business company encounters diminishing market opportunities and stagnating sales in its principal business