Internal strategies for growth include
A) new product development.
B) license a patent to another company.
C) merge with another company.
D) acquire another company.
E) None of the above are internal strategies for growth.

Question

Quizplus · Accepted Answer

New product development is an internal strategy for growth as it involves expanding the company's product offerings without relying on external entities such as mergers or acquisitions. This approach allows companies to use their existing resources and expertise to develop new products that can attract new customers or satisfy the needs of existing ones. Options B, C, and D all involve external entities and are therefore not considered internal strategies for growth.

Internal Strategies for Growth Include