A Strategy Implies That the Firm Will Expand by Adding

question 59

Multiple Choice

A strategy implies that the firm will expand by adding new product lines.

• A)consolidation
• B)diversification
• C)geographic expansion
• D)integration
• E)competitive

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Definitions:

Mental Step

A cognitive phase in the decision-making or problem-solving process that involves mental activities such as thinking, understanding, or planning.

Skiing Clothing

Apparel designed specifically for skiing, including items that provide warmth, protection, and mobility.

Sales Call

A visit or phone call made by a salesperson to a potential customer with the objective of promoting or selling a product or service.

Salesperson

An individual who sells products or services to customers, often as their primary job role.