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:

Positive Correlation

A relationship between two variables where both variables move in the same direction, indicating that as one variable increases, the other one also increases.

Study Time

The period dedicated to learning, reading, or practicing to enhance knowledge and skills.

Correlation Coefficient

This is a statistical measure that indicates the extent to which two or more variables fluctuate together.

Caffeine Intake

The consumption of the stimulant caffeine, found in coffee, tea, and many soft drinks, which affects the central nervous system.