Complete the sentences with the words from the box

expansion · acquisition-led · scale · core · reserves · diversification · consolidate · overstretch · saturation · overextend · consolidation · growth

• The bakery chain planned a major ____ into the Seattle market next year.
• Boston needs to ____ its position in New York before buying more shops.
• Successful ____ takes time and careful financial planning.
• Without buying other firms, Chicago relied entirely on organic ____ .
• Austin achieved rapid expansion through ____ growth and buying smaller cafes.
• By opening too many stores at once, the company managed to ____ itself.
• Portland decided to focus on its ____ market instead of branching out.
• To reduce risk, Dallas planned a smart ____ into online grocery delivery.
• Buying ingredients in bulk allowed Seattle to benefit from economies of ____ .
• If Denver opens five more branches, it will ____ its delivery fleet.
• San Francisco used its strong cash ____ to fund the new bakery equipment.
• Due to market ____ , Miami could not sell any more coffee in Florida.

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