In the stabilization stage, firms are focused on ________.

Question

Quizplus · Accepted Answer

In the stabilization stage, the primary focus of firms is to make their current operations efficient and optimize their resources. This stage is characterized by consolidating the gains made during the growth stage and establishing a stable business model. Broadening the business base and pursuing new market opportunities are more typical of the growth or expansion stage. Therefore, choice B is the best answer.

In the Stabilization Stage, Firms Are Focused on ________