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28 July, 20:24

A company's scope defines the products and markets on which it will concentrate. True or false?

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  1. 28 July, 22:59
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    The statement is: True.

    Explanation:

    A company's scope determines which sector of the market they will focus on and in what product specifically. For new businesses, it is recommended to engage in the production of one service only so the company can have enough control of it but the organization's goal should be to diversify as long as the firm grows and starts earning stable revenues.
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