External growth strategies rely on establishing relationships with third parties, such as mergers, acquisitions, strategic alliances, joint ventures, licensing, and franchising.

Question

Quizplus · Accepted Answer

External growth strategies involve establishing relationships with third parties to facilitate expansion, such as through mergers, acquisitions, joint ventures, and licensing agreements. Franchising can also be a form of external growth. Therefore, the statement is true.

External Growth Strategies Rely on Establishing Relationships with Third Parties