J&J uses concentric diversification strategy. It is popular for its consumer products and it also provides a wide range of pharmaceuticals. Other than that, the company also provides a variety of treatments for diseases that are rare. In addition, J&J has experienced tremendous growth over the years because of its acquisition of companies involved in aspects of health care. J&J’S diversification has earned the company a number of advantages such as a large customer base that ranges from hospitals, consumers, to the government, a bigger range of expertise and more financial stability.
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