Question: ( Please don't answer from ChatGPT or Google Bard ) Match each corporate - level generic strategy with the statement that best matches its definition.

(Please don't answer from ChatGPT or Google Bard) Match each corporate-level generic strategy with the statement that best matches its definition.
Group of answer choices (given below from 1 to 5)
Market Penetration
Market Development
Product Development
Merger
Acquisition
Diversification
Divestment
Retrenchment
1. Purchasing another company.
2. Selling part of a firm's operations.
3. Creating new products for existing markets.
4. Joining two companies into one.
5. Increasing market share with existing products.
6. Selling existing products in new markets.
7. Entering a new industry.
8. Shrinking abusinessunit.

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