In the context of adaptive strategies,which of the following best describes prospectors?
A) They seek moderate, steady growth by offering a limited range of products and services to a well-defined set of customers.
B) They seek fast growth by searching for new market opportunities, encouraging risk taking, and being the first to bring innovative new products to market.
C) They try to simultaneously minimize risk and maximize profits by following or imitating the proven successes of firms.
D) They do not follow a consistent strategy and tend to react to changes in their external environment after they occur.
Correct Answer:
Verified
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