Which of the Following Is an Example of an External

question 69

Multiple Choice

Which of the following is an example of an external growth strategy?

• A) Geographic expansion
• B) Improving an existing product or service
• C) Increasing the market penetration of an existing product or service
• D) Extending product lines
• E) Strategic alliances

---

Definitions:

Episodic Memory

A type of long-term memory that involves recollection of specific events, situations, and experiences from one's personal past.

Cocktail Party Phenomenon

The ability of individuals to focus their attention on a single conversation in a noisy environment, ignoring other conversations.

Retroactive Interference

The phenomenon where new information interferes with the ability to recall older information.

Long-Term Memory

The aspect of memory capable of storing information for prolonged periods, ranging from a few minutes to a lifetime.