During the great recession, malcolm's racing bikes lost a considerable amount of its business because customers could no longer afford the expensive models in his shop. he was very near bankruptcy. malcolm began carrying a line of less expensive bikes to appeal to recreational bicyclists and families and also opened a repair service. malcolm used a strategy.

a) retrenchment

b) diversification

c) turnaround

d) reorganization

Why is following an unrelated diversification strategy especially advantageous in an emerging economy? a. it allows the conglomerate to overcome institutional weaknesses in emerging economies. b. it allows the conglomerate to form a monopoly in emerging economies. c. it allows the conglomerate to use well-defined legal systems in emerging economies. d. it allows the conglomerate to take advantage of strong capital markets in emerging economies.