16. What is the main difference between a company choosing to pursue an acquisition strategy versus an internal new venture strategy? 5' a. An internal new venture is chosen when the company already has the distinctive competency it needs to enter the new industry. In an acquisition, a company does not have the distinctive competency and chooses to purchase a company that does. {A b. An acquisition is chosen when the company already has the distinctive competency it needs to enter the new industry, whereas in an internal new venture, a company does not have the distinctive competency and therefore purchases a company that does. (- c. An internal new venture invests its funds in new resources. In an acquisition, the company is looking to decrease costs by purchasing the existing resources of another company. d. A company is seeking to reduce costs through a new venture. In an acquisition, the company has unlimited funds to spend on the new business unit