Question
Innovation & Entrepreneurship Question on Financial Markets
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
Answer
Both Statement I and Statement II are true
Explanation
Solution
The Correct Option is (A):Both Statement I and Statement II are true