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In the 1990s JCPenney's owned an under-managed drug store chain called Thrifty Drugs. JC Penny decided to bolster and expand its underperforming drug store division

In the 1990s JCPenney's owned an under-managed drug store chain called Thrifty Drugs. JC Penny decided to bolster and expand its underperforming drug store division by acquiring Eckerd Drugs, Kerr Drugs, Faye's Drugs.. This is an example of which strategy?

Multiple Choice

Internal growth strategy

Retrenchment strategy

External growth strategy

Divestment strategy

Concentration strategy

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