{"id":216664,"date":"2025-05-20T07:18:29","date_gmt":"2025-05-20T07:18:29","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=216664"},"modified":"2025-05-20T07:18:31","modified_gmt":"2025-05-20T07:18:31","slug":"farrahs-furniture-sells-modern-desks-chairs-and-other-office-furniture-mainly-to-businesses-and-institutions","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2025\/05\/20\/farrahs-furniture-sells-modern-desks-chairs-and-other-office-furniture-mainly-to-businesses-and-institutions\/","title":{"rendered":"Farrah&#8217;s Furniture sells modern desks, chairs, and other office furniture mainly to businesses and institutions."},"content":{"rendered":"\n<p>Farrah&#8217;s Furniture sells modern desks, chairs, and other office furniture mainly to businesses and institutions. An example of Farrah&#8217;s pursuing a growth strategy would be Multiple Choice selling the business to a larger competitor. expanding to sell home furnishings offering their desks in additional colors. replacing the sales manager after she retires.<\/p>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-ast-global-color-1-color\">The Correct Answer and Explanation is:<\/mark><\/strong><\/p>\n\n\n\n<p><strong>Correct Answer: Expanding to sell home furnishings<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Explanation (300+ words):<\/h3>\n\n\n\n<p>Farrah&#8217;s Furniture currently focuses on selling modern desks, chairs, and other office furniture primarily to businesses and institutions. A <strong>growth strategy<\/strong> refers to any plan or action that aims to <strong>increase a company&#8217;s size, revenue, market share, or profitability<\/strong>. This often includes expanding product lines, entering new markets, or increasing distribution channels.<\/p>\n\n\n\n<p>Among the options provided, <strong>\u201cexpanding to sell home furnishings\u201d<\/strong> is the clearest example of a growth strategy. This action would broaden the company\u2019s target market from just businesses and institutions to also include individual consumers. By tapping into the residential market, Farrah\u2019s would be increasing its potential customer base and revenue streams. This type of expansion is known as <strong>diversification<\/strong>, where a company ventures into new products or markets that differ from its current operations. If executed effectively, this could significantly boost Farrah\u2019s market presence and profitability.<\/p>\n\n\n\n<p>Let\u2019s examine why the other options do <em>not<\/em> represent a growth strategy:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Selling the business to a larger competitor<\/strong> is not a growth strategy for Farrah\u2019s\u2014it\u2019s actually an <strong>exit strategy<\/strong>. This indicates the end of the company\u2019s independent operations, not its expansion.<\/li>\n\n\n\n<li><strong>Offering their desks in additional colors<\/strong> is a minor <strong>product variation<\/strong> and may improve customer satisfaction or appeal slightly, but it doesn\u2019t significantly expand the company\u2019s market reach or revenue. It&#8217;s more of a <strong>product refinement<\/strong> rather than a substantial growth initiative.<\/li>\n\n\n\n<li><strong>Replacing the sales manager after she retires<\/strong> is an <strong>internal operational change<\/strong>, not a strategic growth decision. It maintains business continuity rather than enhancing business growth.<\/li>\n<\/ul>\n\n\n\n<p>In conclusion, expanding into <strong>home furnishings<\/strong> is a strategic move to grow Farrah\u2019s Furniture by entering a new market, aligning best with the concept of a <strong>growth strategy<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Farrah&#8217;s Furniture sells modern desks, chairs, and other office furniture mainly to businesses and institutions. An example of Farrah&#8217;s pursuing a growth strategy would be Multiple Choice selling the business to a larger competitor. expanding to sell home furnishings offering their desks in additional colors. replacing the sales manager after she retires. The Correct Answer [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-216664","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/216664","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=216664"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/216664\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=216664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=216664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=216664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}