Through __________,the organization grows aggressively in its existing line(s)of business.
A) concentration
B) forward integration
C) backward integration
D) related diversification

Question

Quizplus · Accepted Answer

Concentration refers to a strategy where the organization focuses on growing aggressively in its existing lines of business. It involves dedicating resources and efforts to strengthen and expand the current operations, products, and services. This strategy is suitable when the organization has a competitive advantage in the existing market and wants to maximize its profits by capturing a greater market share. Forward and backward integrations and related diversification, on the other hand, involve expanding into new markets or industries.

Through __________,The Organization Grows Aggressively in Its Existing Line(s)of Business