Which of the Following Statements Regarding Internal Development as a Means

question 37

Multiple Choice

Which of the following statements regarding internal development as a means of diversification is ?

• A) Many companies use internal development to extend their product lines or add to their service offerings.
• B) An advantage of internal development is that it is generally faster than other means of diversification and firms can benefit from speed in developing new products and services.
• C) The firm is able to capture the wealth created without having to 'share the wealth' with alliance partners.
• D) Firms can develop products or services at a lower cost if they rely on their own resources instead of external funding.

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Definitions:

Initial Business Success

The early stage achievement of desired business goals, such as profitability, market share expansion, or company growth metrics.

Achievement Drive

A personal motivation to set and attain challenging goals, often characterized by determination and perseverance to achieve a high standard of success.

Innovative Thinking

The ability to come up with new ideas, creative solutions, and novel approaches to problems.

Workplace

Refers to the physical or virtual location where employees perform their job duties, encompassing various environments such as offices, factories, or remote settings.