In this strategy, the business firm sell new products to the same group of customers.

Product development

When two business organizations are manufacturing the same products , but are at different stages.

Vertical merger

The following are the possible methods for product development except

Targeting new customers in its present market

In integration, moving into a new business lines and a distinctive business definition change are
involved.

False – diversification

In market development, the business firm sells the same products to ________ group of customers.

New

Pause/proceed with caution strategy is a permanent strategy

False – Temporary

In this strategy, the business firm sells the same products to new group of customers.

Market development

Which of the following triggers for a joint venture?

Geography, regulation, technology, intellectual exchange and sharing of capital and risk.

Through carrying out _______, a business organization can have a better control of its supply chain
and more cost-effective or reliable input supply can be ensured.

Backward integration

_________ strategy deals with a plan which is fairly restrictive which gives the objectives for each
specific function.
Functional

This done either at the same time in different businesses or at different period in the same business
with business improvement as its aim.

Combination strategy