________ growth strategies rely on establishing relationships with third parties, such as mergers, acquisitions, strategic alliances, joint ventures, licensing, and franchising.
A) Internal
B) Domestic
C) Outside
D) External
E) Peripheral

Question

Quizplus · Accepted Answer

External growth strategies involve partnering with third parties outside of the organization to achieve growth objectives. These can include mergers, acquisitions, strategic alliances, joint ventures, licensing, and franchising. This differs from internal growth strategies, which involve expanding the organization from within. Domestic and outside growth are not commonly used terms in relation to growth strategies, and peripheral growth is not a recognized concept in business strategy.

________ Growth Strategies Rely on Establishing Relationships with Third Parties