The Owner of a Chain of Ice Cream Parlours Opens

question 40

Multiple Choice

The owner of a chain of ice cream parlours opens an outlet in a new market. This would be classified as a(n) _____ growth strategy.

• A) concentration
• B) organic
• C) conglomerate
• D) vertically integrated

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Definitions:

Interdependence

A situation in which two or more entities are dependent on each other for resources, information, or transactions.

Rivals

Competitors who are in direct competition with one another, vying for the same market share or resources.

Interdependent

A situation where the outcomes or decisions of two or more entities are dependent on each other.

Oligopoly

A market structure characterized by a small number of firms dominating the market, leading to limited competition.