If a company has 1 million to spend on a new strategy and is considering market development versus product development, what determining factors would be most important to consider?2. What conditions...

If a company has 1 million to spend on a new strategy and is considering market development versus product development, what determining factors would be most important to consider?2. What conditions externally and internally would be desired necessary for a firm to diversify?3. Could a firm simultaneously pursue focus, differentiation and cost leadership? Should firms do that? Discuss