Examlex
INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-A defined [contribution | benefit] retirement plan would usually be better for a younger worker who changes employers every five years.
Growth Strategy
A growth strategy is a plan of action designed to increase the size and scope of a business, by expanding its market reach, product portfolio, or operations.
Market Penetration
A measure of the extent to which a product or service is recognized and purchased by customers within a specific market.
Product Development
The creation of new or improved products or services to meet market demands, involving design, development, and marketing stages.
Strategic Decision
A significant choice made by top management that influences the direction and performance of an organization.
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