Firms pursuing a harvest strategy in a declining industry do not expect to remain in the industry over the long term.

Question

Quizplus · Accepted Answer

A harvest strategy is typically used when a company decides to extract as much value from a business as possible before exiting the industry, usually due to declining market conditions. Therefore, the goal of a harvest strategy is not to remain in the industry over the long term.

Firms Pursuing a Harvest Strategy in a Declining Industry Do