Question

Will the internet make it easier for firms to diversify? Why or why not? Please explain your thinking

Answer 1

The ability of firms to utilize and grow with internet has been greatly discussed in terms of its advantages and disadvantages. Internet carries a lot of information as well as commerce which ables the firms to reach a worldwide audience.

In my opinion, internet and usage will definitely help firms to diversify as internet allws for instant access to any new product developments and technological advances that can help improve their products and compete with other firms. The ability to conduct meetings across a global platform thorugh use of online video conferencing, emails, and document exchange websites have helped firms to grow but are also tools that ensure diversification in future. Monitoring and marketing of products have become very easy and so firms are looking to diversify their products to the global needs.