Means the Firm Is Expanding by Producing Its Own Materials

question 26

Multiple Choice

means the firm is expanding by producing its own materials or acquiring a retail outlet to sell its own products.

• A)Consolidation
• B)Diversification
• C)Geographic expansion
• D)Vertical integration
• E)Competitive

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Definitions:

Innovation Group

A team focused on developing and implementing new ideas, processes, or products within an organization.

Organisational Subunit

A smaller, specialized division within an organization designed to carry out specific tasks or functions.

Creative

Pertains to the ability or quality of generating original ideas, approaches, and solutions to problems or challenges.

Debt Financing

Refers to raising funds for company operations or expansion by borrowing money.