Please define each statement in your own words

Please define each statement in your own words1.Product Development Strategies2.Diversification Strategies3.Market Development Strategies4.Penetration Strategy5.Value Added Chain: Backward integration- Forward integration- Horizontal integration6.Pressure created from growth on the Human resource department, employees, time management, management and entrepreneurs7.Joint ventures8.Acquisitions9.Leverage Buyout10.Franchising11.Succession planning transfer to family members and transfers to non family members12.Direct sale13.Employee Stock Option14.Bankruptcy 15. Exit strategy

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