Q. Outline tha Diversification Strategies of GCC countries? How diversification help GCC states cope with dropping oil prices?
Expert Answer
The diversification strategies of GCC countries are as follows:
1. Adapt new product to appeal new customers.
2. Finding related product items which will allow the customers to avail the maximum offer.
3. Giving an integrated solution to work more on the product to provide best services.
4. Selling online and make products available online to grab the marketplace.
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