Which mechanism for firm growth involves the creation and sale of new products or services?
A) acquisitions
B) licensing
C) franchising
D) new product development
E) international expansion

Question

Quizplus · Accepted Answer

New product development involves the creation and sale of new products or services. Acquisitions involve the purchase of other companies, licensing involves allowing another company to use your company's intellectual property, franchising involves granting the right to use your business model and brand name to another individual or company, and international expansion involves entering new markets outside of the company's home country.

Which Mechanism for Firm Growth Involves the Creation and Sale