Rainbow financial services company, which sells short-term insurance, has acquired a competitor, Siyabusa Insurance, to grow its market share. This refers to a/an________change. a. development b. transformational c. operational d.

The acquisition of a competitor to grow market share refers to a **b. transformational** change. Transformational change typically involves significant shifts in the business structure or strategy, such as mergers and acquisitions, aimed at achieving substantial growth or repositioning in the market.