Option b.) A plan to increase production and expand to newer markets as most small businesses decide to grow their business and increase sales and profits is the correct answer.
However, there are certain methods companies must employ to execute their growth strategies.Common growth strategies in business include penetration , market expansion, product expansion, diversification, and acquisitions. In a purchase , a corporation acquires another company to expand its business. Small businesses can use this sort of strategy to expand their product range and enter new markets. Acquisition growth strategies are risky, but not as risky as diversification strategies.
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