Final answer:
The answer is d) growth strategy. This strategy includes mergers and acquisitions to expand an organization's size, efficiency, and market presence.
Step-by-step explanation:
The correct answer to the question "A strategy for expanding an organization's current operations is called a ______" is d) growth strategy. A growth strategy involves various methods to increase the size, market presence, and operations of an organization. These methods can include mergers, acquisitions, and internal development, which aim to make the company larger, more efficient, acquire new product lines, reduce competition, or change its corporate identity. In contrast, a restructuring strategy typically involves reorganizing a company's operations to improve efficiency, which can sometimes mean downsizing. A stability strategy usually implies maintaining the current level of operations while a retrenchment strategy often involves a reduction in the organization's scale of operations or scope, to turn around its performance or to re-focus on core areas.