Four basic strategies that are available in the decline stage are maintaining, harvesting, exiting, or
A) eliminating competitors.
B) consolidating.
C) minimizing office expenses.
D) reducing business travel.

Question

Quizplus · Accepted Answer

In the decline stage, companies often consider maintaining their current status, harvesting (reducing investment to maximize short-term cash flow), exiting the market, or consolidating (merging with or acquiring other businesses to strengthen market position). Consolidating is a strategic option to reduce competition and increase market share, making it a viable strategy during the decline phase. Options A, C, and D are not typically considered basic strategic approaches in the decline stage of a business.

Four Basic Strategies That Are Available in the Decline Stage