Which of the Following Is an Example of an External

question 65

Multiple Choice

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

• A) strategic alliances and joint ventures
• 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

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Definitions:

Motivation

The reason or reasons one has for acting or behaving in a particular way; the driving force behind actions.

Commitment

A binding pledge or dedication to a cause, activity, or goal, often implying a strong emotional or logical attachment.

Problem Solving

A process aimed at overcoming obstacles to achieve a goal or find solutions to complex issues.

Voting

The act of expressing one's choice or opinion in a formal selection process, typically used to make decisions in a group or to elect representatives.