New Product Development, Other Product-Related Strategies, and International Expansion Are

question 21

Multiple Choice

New product development, other product-related strategies, and international expansion are examples of:

• A) external growth strategies
• B) domestic growth strategies
• C) secondary growth strategies
• D) internal growth strategies
• E) inward growth strategies

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Definitions:

Business Location

The geographical place where a company is situated, including considerations for market access, labor pool, cost, and regulatory environment.

Necessary Resources

The essential assets, materials, and inputs required for an organization to operate effectively and achieve its goals.

Proximity to Customers

The closeness of a business to its customers, which can influence customer satisfaction and loyalty.

Career Planning and Development

The ongoing process of managing one's career path, personal growth, and learning to achieve career objectives.