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Growth strategies include ________.

a.Diversification, concentration, integration, stabilization
b.Vertical integration, horizontal integration, concentration, diversification
c.Vertical integration, horizontal integration, lateral integration, horizontal concentration
d.Integration, renewal, horizontal diversification, vertical diversification

User Masonya
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1 Answer

3 votes

Answer:

The correct answer is B. Growth strategies include Vertical integration, horizontal integration,concentration and diversification.

Step-by-step explanation:

Vertical integration can be described as a growth strategy in which a company tries to take as much control as possible over its customers or previous suppliers.

Horizontal integration is a growth strategy in which usually one company merges with another to gain advantages in business.

Concentration is a growth strategy in which efforts are made to increase the shares in the market.

Diversification: Diversification is a growth strategy in which efforts are made to increase business by launching more products or services.

All these together, help to create growth in a company in different ways. Many companies adopt one or many of these strategies in order to increase revenue and profit.

User Michael Ilyin
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