Asked by Karen Macauley on May 02, 2024

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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.
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AG
Aaron GambinoMay 03, 2024
Final Answer :
A
Explanation :
Growth through concentration refers to expanding a business by focusing on its core operations in its existing markets. In this case, Food Lord is expanding its fast food chain in several states, which is an example of growth through concentration.