Most likely Fun Time is pursuing a strategy of growth/concentration based on horizontal integration.
What is concentration in expansion strategy?
- The first level type of the grand expansion strategy, expansion by concentration, includes investing resources in a product line that meets the needs of the targeted market with the use of tried-and-true technology.
What is concentration approach?
- A concentration strategy is when a company concentrates on a certain clientele, a particular product, or a particular geographical market.
- As the name suggests, the main goal is to enable the company to focus its efforts rather than diversify them.
What is horizontal integration?
- A company that works at the same level in an industry as another one is acquired or merged as part of a strategy known as horizontal integration.
- Horizontal integrations assist businesses in increasing their size and revenue, entering new markets, diversifying their product lines, and lowering competition.
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