Please define each statement in your own words

Please define each statement in your own words

1.Product Development Strategies

2.Diversification Strategies

3.Market Development Strategies

4.Penetration Strategy

5.Value Added Chain: Backward integration- Forward integration- Horizontal integration

6.Pressure created from growth on the Human resource department, employees, time management, management and entrepreneurs

7.Joint ventures

8.Acquisitions

9.Leverage Buyout

10.Franchising

11.Succession planning transfer to family members and transfers to non family members

12.Direct sale

13.Employee Stock Option

14.Bankruptcy 

15. Exit strategy

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