Question

In business parlance, growth is ___________ and expansion refers to ___________.

• A. external and horizontal growth: internal and vertical growth
• B. external: external growth as well
• C. internal: Internal growth as well
• D. internal and vertical: external and horizontal growth.

Answer 1

The correct option is D internal and vertical: external and horizontal growth.

Growth is having the connotation of an internal or vertical surge whereas expansion refers to external or horizontal growth such as that exhibited by a firm that successfully engages in mergers and acquisitions.