The purpose of a _____ strategy is to increase profits, revenues, market sh are, or the number of places (stores, offices, locations) in which the company does business.
A)divestment
B)growth
C)niche
D)retrenchment
E)recovery

Question

Quizplus · Accepted Answer

A growth strategy is focused on increasing profits, revenues, market share, or the number of locations in which the company operates. This can be achieved through various means such as expanding into new markets, launching new products or services, acquiring other companies, or increasing marketing efforts. The other options, such as divestment, retrenchment, niche, and recovery strategies, are focused on different goals such as selling off non-core assets, cutting costs, focusing on a small segment of the market, or turning around a struggling business.

The Purpose of a _____ Strategy Is to Increase Profits