Which of the Following Is an Example of an External

question 21

Multiple Choice

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

• A) New product development
• B) Mergers and acquisitions
• C) Market penetration
• D) Product line extension
• E) Geographic expansion

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Definitions:

Informal Forecasting Techniques

These are non-structured, qualitative methods of predicting future events or outcomes based on intuition, experience, or informal analysis.

Sophisticated Forecasting Methods

Sophisticated forecasting methods involve advanced techniques to predict future events or trends based on historical data and statistical analysis, often utilizing complex algorithms and models.

Approximations

Estimates or close representations of a value or quantity when exact figures are unavailable or unknown.

Labour Market Analysis

The study of a firm’s labour market to evaluate the present or future availability of different types of workers.