One strategic fit-based approach to related diversification would be to

Group of answer choices

expand into foreign markets where the firm currently does no business.

acquire rival firms that have broader product lines so as to give the company access to a wider range of buyer groups.

acquire companies in forward distribution channels (wholesalers and/or retailers).

diversify into foreign markets where the firm has unrelated businesses.

diversify into new industries that present opportunities to transfer specialized expertise, technological know-how, or other valuable resources and capabilities from one business's value chain to another's.