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Answer :
Answer:
Diversification
Explanation:
Diversification is a type of growth strategy that has the goal of broaden the type of products that a company offeres.
FAW Group is engaging in a diversification strategy, because it is opting to produce a luxury car, which is not typical of the company, because it specializes in low-priced, reliable cars. The goal of this strategy is to reach the higher-income people who seek luxury over cost or realibility.
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