Stacy's Company continues to offer the same quality beauty products it has for the last 10 years. The company is successful and has no current plans for change. Which of the following types of strategies is it employing?
A)combination
B)growth
C)retrenchment
D)stability

Question

Quizplus · Accepted Answer

Stacy's Company is employing a stability strategy, as it is maintaining its current operations and not seeking significant growth, reduction, or diversification. This strategy is often chosen by successful companies that aim to sustain their current level of performance.

Stacy's Company Continues to Offer the Same Quality Beauty Products