What Term Is Used for a Strategy That Takes an Organisation

question 23

Multiple Choice

What term is used for a strategy that takes an organisation away from both its existing markets and its existing products?

• A) Market development
• B) Market penetration
• C) Consolidation
• D) Product development
• E) Diversification

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Definitions:

Ultra Vires

Acts performed by a corporation that are beyond the scope of its charter or legal authority.

Redress

The act of correcting a wrong or giving compensation for a harm done.

State of Incorporation

The specific state within the United States in which a company is legally registered to do business.

Statutory Close Corporation Supplement

A legal provision allowing a closely held corporation to operate with less formal procedures than are required of other corporations.