With the _____ Strategy, a Company Attempts to Focus on What

question 4

Multiple Choice

With the _____ strategy, a company attempts to focus on what it does best within its established markets and can be thought of as "sticking to its knitting."

• A)concentration
• B)internal growth
• C)external growth
• D)divestment
• E)downsizing

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Definitions:

Satisfaction

The feeling of pleasure or fulfillment that comes from achieving a goal or satisfying a need.

Marginal Utility

The increase in satisfaction or utility derived from the consumption of an additional unit of a good or service.

Utility-Maximizing

A theoretical concept in economics that individuals or firms seek to achieve the greatest satisfaction or profit from their actions, subject to their resources.