A Strategy for Expanding an Organization's Current Operations Is Called

question 43

Multiple Choice

A strategy for expanding an organization's current operations is called a __________.

• A) restructuring strategy
• B) stability strategy
• C) retrenchment strategy
• D) growth strategy

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Definitions:

Strategic Channel Alliance

Describes a partnership between two or more organizations to use each other’s distribution channels to sell their products, enhancing market reach and efficiency.

Marketing Channel

Essential practices or tasks involved in moving ownership of goods from where they are produced to where they are consumed.

Dual Distribution

A distribution strategy where a company sells products or services through two or more different distribution channels or marketing strategies simultaneously.

Enculturation

The process of socialization through which an individual acquires his or her native culture, mainly early in life.