When an organization continues serving the same clients by offering the same product or service, maintaining market share, and sustaining the organization's current business operations, it is following a ________ strategy.
A) renewal
B) stability
C) retrenchment
D) growth

Question

Quizplus · Accepted Answer

The given definition matches the stability strategy, where the organization aims to maintain its current position in the market by continuing the same business operations and not introducing any significant changes. The other options do not fit the given definition. Renewal strategy refers to reorganizing and improving the current business practices to maintain competitiveness. Retrenchment strategy involves cutting back on operations to address financial difficulties. Growth strategy refers to expanding the business and introducing new products or services.

When an Organization Continues Serving the Same Clients by Offering