ASSIGNMENT III Econ 211 A maximum of 200 words response for each question 1. Diversification is a strategy used to expan

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Assignment Iii Econ 211 A Maximum Of 200 Words Response For Each Question 1 Diversification Is A Strategy Used To Expan 1 (19.49 KiB) Viewed 57 times

ASSIGNMENT III Econ 211 A maximum of 200 words response for each question 1. Diversification is a strategy used to expand market share or enter new markets by launching or acquiring new products (perhaps through licensing, merger, or acquisition). It allows a country to grow by expanding market share in an existing market or by developing a market presence. In essence, diversification involves innovation and market disruption. As discussed in class, explain how diversification can work for the Bahamas. 2. As discussed in class, explain two ways (be specific) economic growth can be stimulated in The Bahamas 3. From the book, The Bahamian economy-An analysis' by Kevin Higgins, discuss five characteristics of a developing economy like The Bahamas