Please define each statement in your own words
1.Product Development Strategies
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2.Diversification Strategies
3.Market Development Strategies
4.Penetration Strategy
5.Value Added Chain: Backward integration- Forward integration- Horizontal integration
6.Pressure created from growth on the Human resource department, employees, time management, management and entrepreneurs
7.Joint ventures
8.Acquisitions
9.Leverage Buyout
10.Franchising
11.Succession planning transfer to family members and transfers to non family members
12.Direct sale
13.Employee Stock Option
14.Bankruptcy
15. Exit strategy
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