Which of the Following Is an Example of an External

question 16

Multiple Choice

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

• A) market penetration
• B) product line extension
• C) joint venture
• D) new product development
• E) geographic expansion

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Definitions:

Peripheralization

The process of marginalizing a group or area, often economically or socially, making them peripheral or less central to the main focus of activity.

Industrialization

denotes the process of transforming economies from primarily agricultural to predominantly manufacturing and industrial in nature.

Primary Forces

Fundamental or principal forces driving changes or developments in various fields, such as technology, society, or economics.

Development of Cities

The process by which towns and cities are formed and become larger as more and more people begin living and working in central areas.