Which of the following is an example of an internal growth strategy?
A) licensing
B) merger
C) new product development
D) strategic alliance
E) acquisition

Question

Quizplus · Accepted Answer

Internal growth strategy refers to a company's strategy of growing through its existing resources by expanding its operations or introducing new products/services. New product development is an example of an internal growth strategy as it involves developing new products or services from the company's existing resources. Licensing, merger, strategic alliance, and acquisition are examples of external growth strategies.

Which of the Following Is an Example of an Internal