Diversification is: Group of answer choices the process of entering existing industries similar to a company's core or original industry to remake products for customers in established markets. the process of exiting declining industries that are distinct from a company's core or original industry, to make new kinds of product for customers in new markets. the process of exiting new industries, distinct from a company's core or original industry, to make new kinds of products for customers in new markets. the process of entering new industries, distinct from a company's core or original industry, to make new kinds of products for customers in new markets.

The correct answer is letter "C": Consider purchasing a franchise.

Explanation:

A franchise is a business in which one party (the franchisee) acquires access to a franchisor's proprietary knowledge, processes, and trademarks. A franchise provides the opportunity to own a business while avoiding many of the initial challenges.

The franchisee purchases the right to sell a product or service under an established brand. The market already knows the brand, therefore there is no need to spend additional resources on product introduction.

Thus, Madeeha Iyer should consider buying a franchise if she wants to start a business with a reasonable expectation of being successful.