Which of the following best represents the options a company has when a product is declining?
A)pioneer,harvest,or maintain the product
B)maintain,harvest,or drop the product
C)maintain or harvest the product
D)harvest or drop the product
E)maintain or pioneer the product

Question

Quizplus · Accepted Answer

When a product is declining, a company can either maintain it with minimal investment or reduce investment and focus on harvesting profits before dropping it altogether. Therefore, the best options are to maintain, harvest, or drop the product (B). The options to pioneer and maintain the product (A, E) are not viable when the product is declining, as they require investing in the product. The option to harvest or drop the product (D) is too extreme, as it does not consider the possibility of maintaining the product and extracting some profits from it.

Which of the Following Best Represents the Options a Company