with the term and then the correct meaning. \begin{tabular}{|l|l|} \hline Term & Meaning \\ \hline 3.2 .1 Corporate level strategy 8 & Related to stay competitive in a specific market \\ \hline 3.2 .2 Vertical backward integration 10 & Closing down part of the business \\ \hline 3.2 .3 Retrenchment 7 & Horizontal integration \\ \hline 3.2.4 Business level strategy 1 & Referstoavarietyofgoodssoldinanumberofdifferentmarkets \\ \hline 3.2 .5 Joint venture & Twofocusareas;cost-cuttingandreducingnon-coreactivities \\ \hline 3.2.6 Divestiture & Expansionintothedistributionofanorganisationsoutputs \\ \hline 3.2.7 Turnaround strategy & Maturity phase \\ \hline 3.2.8 Vertical forward integration & Grand or master strategy \\ \hline 3.2.9 Consolidation & Alsoknown as Porter's generic strategies model \\ \hline 3.2.10 Generic model strategy 9 & Expansionintothesupplyoftheorganisationsinputs \\ \hline 3.2.11 External growth strategy & Appliedinorganisationsthathavesufferedsetbacks \\ \hline 3.2.12 Market penetration & Innovation strategy \\ \hline 3.2.13 Diversification & Sellingmoreofexistingproductsinexistingmarkets \\ \hline 3.2.14 Product life cycle model & Maintainingtheorganisationsexistingmarketshare \\ \hline 3.2.15 Internal growth strategy & Creationofanewbusinesswithmorethanoneowner \\ \hline \end{tabular} with the term and then the correct meaning. \begin{tabular}{|l|l|} \hline Term & Meaning \\ \hline 3.2 .1 Corporate level strategy 8 & Related to stay competitive in a specific market \\ \hline 3.2 .2 Vertical backward integration 10 & Closing down part of the business \\ \hline 3.2 .3 Retrenchment 7 & Horizontal integration \\ \hline 3.2.4 Business level strategy 1 & Referstoavarietyofgoodssoldinanumberofdifferentmarkets \\ \hline 3.2 .5 Joint venture & Twofocusareas;cost-cuttingandreducingnon-coreactivities \\ \hline 3.2.6 Divestiture & Expansionintothedistributionofanorganisationsoutputs \\ \hline 3.2.7 Turnaround strategy & Maturity phase \\ \hline 3.2.8 Vertical forward integration & Grand or master strategy \\ \hline 3.2.9 Consolidation & Alsoknown as Porter's generic strategies model \\ \hline 3.2.10 Generic model strategy 9 & Expansionintothesupplyoftheorganisationsinputs \\ \hline 3.2.11 External growth strategy & Appliedinorganisationsthathavesufferedsetbacks \\ \hline 3.2.12 Market penetration & Innovation strategy \\ \hline 3.2.13 Diversification & Sellingmoreofexistingproductsinexistingmarkets \\ \hline 3.2.14 Product life cycle model & Maintainingtheorganisationsexistingmarketshare \\ \hline 3.2.15 Internal growth strategy & Creationofanewbusinesswithmorethanoneowner \\ \hline \end{tabular}