If an organization chooses "harvesting" as a decline stage PLC strategy, the first step in using such a strategy would likely be to

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Quizplus · Accepted Answer

Harvesting involves reducing costs and maximizing profits from mature products in decline. Cutting R&D costs and plant and equipment investment aligns with this strategy by reducing expenses and maintaining production with existing resources. Cutting promotional expenses and canceling distribution contracts may further reduce costs, but these actions may also undermine profitability if they lead to declining sales. Rejuvenating the brand or requiring distributors to reduce inventory would not be consistent with a harvesting strategy.

If an Organization Chooses "Harvesting" as a Decline Stage PLC