Which of the following decline stage strategies is used when a firm takes as much profit as possible from the business and makes absolutely minimal investments?
A) Consolidation
B) Exiting
C) Harvesting
D) Maintaining

Question

Quizplus · Accepted Answer

Harvesting strategy involves reducing investment in a product or business unit to zero or near zero, and extracting as much cash out of the business as possible. This approach is used when a product is in the decline stage of its life cycle, and the firm wants to maximize its profits with minimal investment.

Which of the Following Decline Stage Strategies Is Used When