Which of the Following Is an Example of an External

question 21

Multiple Choice

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

• A) New product development
• B) Mergers and acquisitions
• C) Market penetration
• D) Product line extension
• E) Geographic expansion

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Definitions:

Implementing

The process of putting plans or strategies into action to achieve desired outcomes.

Implementing Compensation

The process of developing and executing strategies and policies to reward employees fairly for their work, including salary, benefits, bonuses, and other forms of pay.

Steps Necessary

Required or essential actions that must be taken in order to achieve a certain outcome or goal.

Compensation Administration

The management and design of payment systems to ensure fair and efficient remuneration for employees.