If Toddler Toys (TT)has products that the Boston Consulting Group would identify as dogs,which of these would be the best strategy for TT?
A) High growth
B) Retrenchment
C) Low growth
D) No growth

Question

Quizplus · Accepted Answer

Retrenchment would be the best strategy for Toddler Toys if they have products that are identified as dogs by the Boston Consulting Group. Retrenchment involves reducing or eliminating products, services, or business units that are not profitable or have low growth potential. By eliminating the dog products, Toddler Toys can focus its resources on products with higher potential for growth and profitability. High growth or low growth strategies would not be appropriate for the dog products, as they have already been identified as having low potential for growth. No growth is not a viable strategy for a business, as it implies that the business will not invest in growth opportunities or attempt to maintain its current market position.

If Toddler Toys (TT)has Products That the Boston Consulting Group