Production operations' capabilities to improve product and reduce costs and ability to share or reduce capacity is associated with which of the strategies of industry growth?

Question

Quizplus · Accepted Answer

The production operations' capabilities to improve product and reduce costs and ability to share or reduce capacity are associated with the Maturity strategy of industry growth. During the maturity stage, companies focus on improving efficiency, reducing costs of production, and extending product life cycles. Companies may also share or reduce capacity with other firms to gain a competitive advantage.

Production Operations' Capabilities to Improve Product and Reduce Costs and Ability