Ren's Cakes, a bakery, is extremely successful and is always full of customers in the location it is currently set up in. It wants to increase its profitability, and it believes that opening up more bakeries in the country will be the best way to go about it. Which of the following grand strategies is Ren's Cakes planning to use in this scenario?
A) The stability strategy
B) The retrenchment strategy
C) The growth strategy
D) The acquisition strategy

Question

Quizplus · Accepted Answer

Ren's Cakes is planning to expand its business by opening up more bakeries, which is a clear indication of a growth strategy.

Ren's Cakes, a Bakery, Is Extremely Successful and Is Always