Examlex
The external environment can be divided into various subcategories:
Global Expansion
The process by which a company extends its operations and presence into new international markets.
Vertical Integration
The business strategy where a company owns its supply chain, from production to point of sale.
Diversification Strategy
An approach to business growth through increasing the variety of products, services, or markets served.
Different Business Areas
Various functional sectors within a company, such as finance, marketing, operations, or human resources, each responsible for specific tasks.
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