This document discusses different strategies for expanding markets, including penetration strategies, market development strategies, and product development strategies. It defines vertical expansion as merging companies within the same production chain, from raw materials to retail. Horizontal expansion occurs at the same value chain level but involves different complementary chains. The document also discusses diversification strategies of adding new unrelated business lines. It provides an overview of primary, secondary, and tertiary industries, with primary involving raw material extraction and tertiary facilitating the transfer and exchange of goods and services.