A Company That Seeks to Increase Its Sales and Profits

question 22

Multiple Choice

A company that seeks to increase its sales and profits through backward, forward, or horizontal integration within the industry is said to be employing a(n) ________ strategy.

• A) diversification growth
• B) intensive growth
• C) target growth
• D) integrative growth
• E) conglomerate growth

---

Definitions:

Accrued Interest

Interest that has been earned but not yet paid or received.

Accrued Interest

Accrued interest refers to the interest that has accumulated on a bond or loan since the last interest payment was made.

360-Day Year

A financial concept that simplifies the calculation of interest over periods when the actual number of days in a year is considered to be 360.

Commission

A fee or percentage of a transaction paid to an agent or employee for facilitating or completing a sale.