What Type of Strategy Attempts to Expand a Company's Resources

question 63

Multiple Choice

What type of strategy attempts to expand a company's resources or to strengthen its market position through acquiring or creating new businesses?

• A)Internal growth strategy
• B)Retrenchment strategy
• C)External growth strategy
• D)Divestment strategy
• E)Concentration strategy

Grasp the concept and examples of organizational citizenship behaviors.

Understand the importance and methods of creating performance measurements and the potential biases associated with them.

Familiarize with the challenges and advantages of different performance appraisal formats, including behaviorally anchored rating scales and management by objectives (MBO).

Understand the role of personal traits and results-based criteria in performance evaluations.

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Definitions:

Firm Decreases Price

A strategic action where a company lowers the selling price of its goods or services to attract more customers or increase sales volume.

Revenue

represents the total amount of income generated by a company from its business activities, such as sales of goods and services, before any expenses are subtracted.

Demand Curves

Curves that describe buyer behavior and tell you how much consumers will buy at a given price.

Consumer

An individual or group who purchases goods or services for personal use.