Which of the Following Is a Good Internal Strategies for Growth

question 12

Multiple Choice

Which of the following is a good internal strategies for growth?

• A) Go into markets that are different from the ones already served.
• B) Develop new products or services that are different from the ones now offered.
• C) Set a low price on products.
• D) Maintain quality.
• E) Reduce quality so more products can be produced with the same money.

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Definitions:

Accounts Receivable

The amount of money owed to a business by its customers for goods or services delivered but not yet paid for.

Accounts Payable

An accounting entry that represents a company's obligation to pay off a short-term debt to its creditors or suppliers.

Office Equipment

Tangible long-term assets used in the daily operations of an office, including computers, printers, desks, and chairs.

Revenue

The sum of all revenue a company earns from selling products or providing services within a specified timeframe.