Tom's Welding has been supplying frames to the mobile home industry for many years. His business has remained steady despite the entry of other firms into the industry. Tom's is likely pursuing a ________ strategy.
A) retrenchment
B) renewal
C) stability
D) differentiation

Question

Quizplus · Accepted Answer

Tom's Welding has chosen a stability strategy because the business has remained steady despite the entry of other firms. The company is maintaining its current operations and not seeking growth or cutbacks.

Tom's Welding Has Been Supplying Frames to the Mobile Home