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What is the planning fallacy? Provide an example.
Internal Growth
Expansion achieved through a company's own business activities, such as increasing production, sales, or efficiency, without relying on external acquisitions.
Persuasive Reason
An argument or factor presented to convince or influence others to support a decision, action, or change in belief or behavior.
Conglomerate Mergers
Mergers between companies that operate in entirely different industries.
Anticompetitive Effects
Consequences or actions that reduce competition in a market, often associated with monopolistic practices and regulatory scrutiny.
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