Asked by Karen Macauley on May 02, 2024
Verified
Food Lord, a fast food chain, is expanding its operations in several states in the country. Which of the following is this an example of?
A) growth through concentration
B) diversification
C) vertical integration
D) retrenchment
E) divestiture
Concentration
The action of focusing one’s attention or mental effort on a specific object, task, or activity without getting distracted.
Fast Food Chain
A business that serves quick service food across multiple outlets, focusing on convenience, speed, and consistency.
Expanding Operations
The process of increasing a company's scope of activities, which can involve entering new markets, launching new products, or increasing production capacity.
- Distinguish among the several strategies for expanding a business, including concentration, diversification (both related and unrelated), integration (forward, backward, vertical), and retrenchment.
Verified Answer
Learning Objectives
- Distinguish among the several strategies for expanding a business, including concentration, diversification (both related and unrelated), integration (forward, backward, vertical), and retrenchment.
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