Which mechanism for firm growth involves the creation and sale of new products or services?
A) Strategic alliances
B) New product development
C) Licensing
D) Franchising
E) Joint ventures

Question

Quizplus · Accepted Answer

New product development involves the creation and sale of new products or services, which can lead to firm growth by expanding the firm's offerings and customer base. Strategic alliances, licensing, franchising, and joint ventures may also contribute to firm growth, but they do not necessarily involve the creation of new products or services.

Which Mechanism for Firm Growth Involves the Creation and Sale