When a ﬁrm expands its production facilities to produce more of the same good, it is growing through _____.
A) diversiﬁcation
B) horizontal integration
C) internal expansion
D) vertical integration

Question

Quizplus · Accepted Answer

Internal expansion refers to a company increasing its production capacity or business operations within the same company, without merging with or acquiring another company. This is done to produce more of the same goods or services.

When a ﬁRm Expands Its Production Facilities to Produce More