An organization that grows using ________ focuses on its primary line of business and increases the number of products offered or markets served in this primary business.
A)concentration
B)horizontal integration
C)vertical integration
D)diversification

Question

Quizplus · Accepted Answer

Concentration involves focusing on the primary line of business and expanding through offering more products or serving additional markets within that same business. Horizontal integration involves expanding into a new business through acquiring or merging with a company in the same industry. Vertical integration involves expanding into a different stage of the production or supply chain, such as acquiring a supplier or a distributor. Diversification involves expanding into entirely new industries or markets.

An Organization That Grows Using ________ Focuses on Its Primary