In FY 2022-23, Reliance was one of the most profitable companies in India, the largest publicly traded…
A broadly diversified firm operates across a wide range of businesses. The activities described span energy, consumer retail, telecommunications, media and textiles. This…
Choose your answer
In FY 2022-23, Reliance was one of the most profitable companies in India, the largest publicly traded company in India by market capitalization (as on 20 July 2023), and the largest company in India as measured by revenue. It had diverse businesses including energy, petrochemicals, natural gas, retail, telecommunications, mass media and textiles. It fell under which of the following categories ?
Answer and explanation
Correct answer C
A broadly diversified firm operates across a wide range of businesses. The activities described span energy, consumer retail, telecommunications, media and textiles. This breadth supports the classification as broadly diversified rather than narrowly diversified.
Practice for these exams
-
Rajasthan SET (RSET)