Companies adopting a _____ strategy focus on increasing market share by acquiring similar businesses and/or opening new locations, domestically or internationally.

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The question asks about a strategy where a company seeks to increase its market share by acquiring similar businesses or opening new locations, either at home or abroad.
Option 1: external growth. This term generally refers to growth achieved through external means such as mergers, acquisitions, or alliances with other firms. While acquisitions of similar businesses can be a form of external growth, the phrase does not by itself specify the focus on acquiring similar firms to boost market share. It’s too broad to be the precise descriptor in this context.
Option 2: internal growth. This describes growth that occurs organically within the company—by increasing output, improving products, expanding capacity, or entering new markets on one’s own. It does not emphasize acquiring other firms or opening additional locations as the primary mechanism.
Option 3: disinvestment. This is the opposite of growth; it involves selling or liquidating assets, reducing scale, or pulling back investments. It would reduce market presence rather than expand it.
Option 4: concentration. This term refers to increasing market share by focusing on expanding through acquisitions of similar businesses or establishing new outlets, domestically or internationally, to consolidate and grow market presence. It matches the described strategy specifically.
In summary, while external growth can involve acquisitions, the wording of the question aligns most directly with concentration, which describes growth by acquiring similar businesses and expanding locations to gain market share. The other options describe different strategic pathways that do not match the described approach.

37:533:312:90 DEVELOPING TALENT Week Two Quiz - Chapter 2 - Strategic Training

Companies adopting a _____ strategy focus on increasing market share by acquiring similar businesses and/or opening new locations, domestically or internationally.

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