Lorenzo Inc., a pharmaceutical company, has decided to purchase two major biotechnology research firms in order expand its operations and enhance its market presence. This is an example of:

Question

Lorenzo Inc., a pharmaceutical company, has decided to purchase two major biotechnology research firms in order expand its operations and enhance its market presence. This is an example of:​

Quizplus · Accepted Answer

Lorenzo Inc.'s decision to purchase two major biotechnology research firms to expand operations and enhance market presence is an example of growth through acquisition, as the company is directly buying other companies to grow its business.