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- Diversification Strategy: It is when a company seeks to increase profitability through greater sales volume obtained by new products or new markets
- Horizontal Integration: occurs when a company is being taken over by, or merged with another company in the same industry and in the same stage of production.
- Vertical Integration: when companies are united by the same owner are integrated in the supply chain. Usually each member of the supply chain produces a different product or service and the products combine to satisfy a common need.
I agree with answers given by Mr. Vinod Jetley and Mr. Ibrahim Hussein Mayaleh.
MARKET LEADER STRATEGIES
1. Expand total market
2. Defend market share
3. Expand market share