Clorox Corporation,the manufacturer of bleach and bleach-based cleaning products,acquired Kingsford Charcoal and Prime Choice brand steak sauce. What is this action an example of?

Question

Quizplus · Accepted Answer

Clorox's acquisition of Kingsford Charcoal and Prime Choice brand steak sauce is an example of external growth, where a company expands its operations by acquiring another company or incorporating new businesses into its existing operations.

Clorox Corporation,the Manufacturer of Bleach and Bleach-Based Cleaning Products,acquired Kingsford