When an organization grows by combining operations with competitors,the strategy is known as a ________ strategy.
A)retrenchment
B)horizontal integration
C)vertical integration
D)diversification

Question

Quizplus · Accepted Answer

Horizontal integration refers to the strategy of growing an organization by merging with or acquiring competitors within the same industry. This can increase market share, economies of scale, and competitive advantage. Retrenchment refers to a strategy of cutting costs and reducing operations. Vertical integration involves the integration of different stages of production or distribution, and diversification involves expanding into new industries or markets.

When an Organization Grows by Combining Operations with Competitors,the Strategy