Under which strategy, a firm tries to redefine the business, enter new businesses, that are related or unrelated or look at its product portfolio more intensely?

Diversification Strategy

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Expansion Strategy

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Divestment Strategy

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Market Penetration

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Solution

The correct option is B Expansion Strategy
The Expansion Strategy is adopted by an organization when it attempts to achieve a high growth as compared to its past achievements.

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Similar questions

When two or more firms come together to create a new business entity that is legally separate and distinct from its parents it is known as___ .

When two or more firms come together to create a new business entity that is legally separate and distinct from its parents is known as

(a) Contract manufacturing

(b) Franchising

(d) Licensing

Identification of business opportunity refers to producing a new product or service only.

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