Attempts to sell a venture's existing products to new groups of customers based on their geographic location, demographics, oira new use of the product are examples of what type of growth strategy? Market development Diversification Penetration Product development Question 2 ( 0.5 points) All of the following are true of venture capital firms EXCEPT: The VC firm does not take an equity stake in the ventures it invests in They manage a pool of investment funds from wealthy individuals and institutions The VC firm receives a management fee and a percentage of investment gains They tend to make 5 + year investments designed to help ventures grow and expand