product diversification

product diversification

a BUSINESS STRATEGY pursued by a firm aimed at increasing sales by developing (or acquiring) new products for new markets. See PRODUCT-MARKET MATRIX, DIVERSIFICATION.
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However, the management's focus on product diversification is expected to support financial profile of the company.
The Ambassador informed that GSP+ provided a window of opportunity for Pakistani exporters in the EU market which can be exploited though product diversification, value addition and improved connectivity with business community on both sides.
In order to clear the stocks in transit, Secretary Commerce Ahmed Sukhera chaired a meeting with the stakeholders in Karachi and met with the PM's Adviser on Commerce Abdul Razzak Dawood before Eid holidays to chalk out a plan for clearance of shipments held up at Attari, offloading around 150,000 bags of unsold stocks of dry dates, devising marketing strategy for the upcoming crop in July-August, and long-term plan for market and product diversification.
Lahore -- To get immense benefits from the duty free access to the Chinese market under Free Trade Agreement Pakistan has to concentrate on product diversification and quality.
Lahore -- To get immense benefits from the Duty Free Access to the Chinese Market under second phase of Free Trade Agreement between the two countries, we have to concentrate on product diversification and quality.
We are excited about our planned flat roll steel mill, and the anticipated long-term value creation it will bring through geographic and value-added product diversification. We plan for the new steel mill to have product capabilities beyond existing EAF flat roll steel producers today, competing even more effectively with the integrated steel model and foreign competition.
Demand for food product diversification has complemented the adoption of spray drying process for preserving raw materials and ingredients in powder form.
According to him,'Product Diversification is the key.
'The company's profitability has grown by 38 per cent largely due our commitment in implementing the 2015-2018 strategy that emphasized on regional expansion, product diversification and innovation,'' Longhorn Publisher chairman F T Nyammo said.
The low level of product diversification and reliance upon natural resources makes the Tajik economy especially susceptible to volatile commodity prices.
The move is initiated to foster innovation and product diversification in these areas.
The acquisition will provide product diversification for SWVA through the addition of flats and specialty alloy bars.
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