Organizations grow by using ________ strategies.
A)concentration,integration,or diversification
B)concentration,integration,or innovation
C)integration,diversification,or differentiation
D)differentiation,integration,or innovation

Question

Quizplus · Accepted Answer

Concentration, integration, or diversification are the three main strategies that organizations use to grow. Concentration involves focusing on a single product, market, or service to improve the company's competitive position. Integration involves horizontal or vertical mergers and acquisitions, such as buying a supplier or a competitor, to improve efficiency and gain market power. Diversification involves entering new markets or products that are different from the company's current offerings, either directly or through acquisitions. These strategies have been proven effective by successful companies in different industries.

Organizations Grow by Using ________ Strategies