Which of the Following Is an Example of an External

question 41

Multiple Choice

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

• A) licensing
• B) improving an existing product or service
• C) increasing the market penetration of an existing product or service
• D) extending product lines
• E) geographic expansion

---

Definitions:

Need for Achievement

A psychological trait that refers to an individual's desire for significant accomplishment, mastering of skills, control, or high standards.

Trait Measures

Tools or methods used to evaluate and quantify characteristics or qualities of individuals, often used in psychology to assess personality.

Workplace Success

The achievement of desired outcomes and objectives in a professional setting, often measured by performance, productivity, and personal fulfillment.

Type A

A personality type characterized by competitiveness, high ambition, and a sense of urgency, often associated with a higher risk for heart disease.