A(n) ________ Strategy Focuses on New Market and Product Development

question 34

Multiple Choice

A(n) ________ strategy focuses on new market and product development, innovation, and joint ventures.

• A) disinvestment
• B) privatization
• C) external growth
• D) internal growth

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Definitions:

Efficiency

Efficiency in economics means the optimal allocation of scarce resources to meet the desired objectives, minimizing waste and maximizing value.

Economy

A broad term that encompasses all activities related to the production, consumption, and trade of goods and services in an area or country.

Partial Equilibrium

A concept in economic analysis that examines the equilibrium condition in a single market or sector without considering interactions with other markets or sectors.

Technological Advance

The improvement or development of new methods, devices, or materials that increase efficiency and productivity.