Question

Provide a brief explanation and its importance ensuring that a firm improve its bottom line if you choose the step 4 Check whether the firm’s resources fit the resource requirements of its present business lineup to improve a diversified company's overall performance.

Answer 1

In this way, company will improve its cost structure and increased customers base. It will offer an opportunity to explore new opportunities in the marketplace .

Diversified group of customers will provide overall success to the company in terms of increased market share, economies of scale, net profit , and final profit & loss recorded. For example, Unilever offers a range of products within a particular product division.  

Amazon has various products segments so as to cater more avenues of earnings with the help of its human capital and business consultants.  

It believes in matching its supply chain strengths with the requirements of diverse backgrounds of customers. A business model having sustainability inputs may offer more strengths and logic to work above the market price . Quality again should be taken as a cutoff between cost and satisfaction delivery to end users by the business organization.