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Explain a recent example of diversification, explaining whether it was horizontal or vertical.

Explain a recent example of diversification, explaining whether it was horizontal or vertical.

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Diversification is a corporate strategies for entering in new market and acquiring the new customers base and diverting the risks and maximization of margin. Diversification has many types and companies are adapting according to their plans and strategies.

The recently Larsen and Toubro limited entered in defence Indian defense products and that is vertical diversification of Larsen and Toubro because company is diversified company but no related business with defense products or equipment.

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