Internal Venturing Is a More Attractive Strategy Than Acquisitions When

Internal venturing is a more attractive strategy than acquisitions when:

A) entry barriers are high.
B) exit barriers are high.
C) a company's business model is based on using its technology or design skills to innovate new kinds of products and enter related markets or industries.
D) it needs to move fast to establish a presence in an industry, commonly an embryonic or growth industry.
E) the company must make the huge investment necessary to develop the set of value-chain activities required to make and sell products in the new industry.