An entrepreneur wants his business to grow. He is trying to make that happen by focusing on developing new products that can use the same production and marketing facilities and skills that the company already has. This represents what type of strategy?.
A) First mover.
B) Quality.
C) Self-efficacy.
D) Internal.
E) External.

Question

Quizplus · Accepted Answer

The strategy described here is internal, as the focus is on utilizing existing resources and capabilities to develop new products and grow the business.

An Entrepreneur Wants His Business to Grow