Which of the following is an example of an external growth strategy?
A) New product development
B) Mergers and acquisitions
C) Market penetration
D) Product line extension
E) Geographic expansion

Question

Quizplus · Accepted Answer

Mergers and acquisitions are an example of external growth strategy, as they involve one company acquiring or merging with another company to expand their operations and market share. New product development, product line extension, and market penetration are examples of internal growth strategies, as they involve expanding the company's existing operations and products. Geographic expansion can be both internal and external, depending on whether the company is expanding into new regions through its existing operations or acquiring a new company in a different region.

Which of the Following Is an Example of an External