Businesses that compete in markets that are in decline should simply be harvested or divested since they are no longer profitable.

Name: Businesses that compete in markets that are in decline should simply be harvested or divested since they are no longer profitable.
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Question

Quizplus · Accepted Answer

Four basic strategies are available in the decline phase: maintaining, harvesting, exiting, or consolidating. Managers must carefully monitor the actions and intentions of competitors before deciding on a course of action.

Businesses That Compete in Markets That Are in Decline Should