Which of the following core defensive strategies is appropriate when a business is operating in a very unattractive market and has a very weak competitive advantage?
A)a harvest strategy
B)a monetize strategy
C)an optimize strategy
D)a protect strategy
E)an invest strategy

Question

Quizplus · Accepted Answer

In a very unattractive market and with a weak competitive advantage, it may be best for the business to focus on maximizing short-term profits and minimizing costs. This is exactly what a harvest strategy entails. The business can maximize its profits by cutting back on investments and focus on selling off its assets. The goal is to maximize its returns from the business in the short term, which is appropriate in such a market.

Which of the Following Core Defensive Strategies Is Appropriate When